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Ozon

Ozon plans to acquire Oney Bank from Sovcombank

April 13, 2021|
105

Ozon plans to acquire 100% of the charter capital of Oney Bank from Sovcombank. The deal will take place if approved by the Central Bank. The acquisition will allow the online retailer to develop its fintech business by expanding the range and improving the quality of services offered to customers and sellers of the platform.

The day before, Ozon CEO Alexander Shulgin said in an interview with the Financial Times that the company plans to obtain a banking license for the development of fintech services. However, he did not specify how it is technically planned to organize the company's entry into the banking market.

Contacts:

Vae Ovasapyan, Vice President for Financial Services of Ozon

Original (in Russian)

Subject:

#deals#fintech

Companies:

#Ozon

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