Russi-based TCS acquires stake in

Russia-based TCS Group Holdings has acquired a stake in, a ticket sales company.

TCS Group is an online financial services provider which incorporates a range of services including Tinkoff Bank, mobile virtual operator network Tinkoff Mobile, Tinkoff Insurance, and Tinkoff Mortgage, among others.

This acquisition was made to provide Tinkoff’s customers a greater choice of financial and related services on its apps. An integration will make tickets for events available directly to customers through the Tinkoff online bank and mobile app. Consumers will be provided with special terms and personalised offers.

Tinkoff offers an online retail banking platform in Russia, offering loans, credit cards, mortgages, insurance policies, retail investing and e-wallets.

Kassir is an online website which facilitates the selling of tickets for events across Russia, including concerts, theatre shows, and children events. Last year, Kassir sold over 4.3 million tickets and expanded its network by seven offices, with the company now operation 22 outlets. Its revenues totalled RUB 7.1m ($114m) during 2017. founder and CEO Evgeny Finkelstein said, “We are pleased to sign this deal with Russia’s most tech-savvy financial player.

“We will be happy to share our expertise in understanding customer preferences and our entertainment insights with Tinkoff, while Tinkoff’s expertise will help us modernise and innovate in IT to give greater momentum to strengthening our market leadership.”

Following the transaction, will continue all existing operations and its team will maintain their positions.

Earlier in the year, Fort Ross Ventures launched a $200m fund to bring US startups to Russia, with a focus on FinTech, AI, and cloud-computing solutions. The firm looks to invest between $5m and $10m, and received supports from investors in Russia, China and the Middle East.

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