Tinkoff: Plans to invest €25m in fintech venture

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Tinkoff: Plans to invest €25m in fintech venture

Tinkoff: Plans to invest €25 million in a new venture offering non-credit financial products

  • The launch is also causing some management changes at TCS Group
  • Tinkoff Bank is the second largest provider of credit cards in Russia
  • Fintech also holds a 13% share of the credit card market
  • The bank has no branches and serves its customers through a combination of online communication
  • It launched a free social network for investors in September 2019
  • The network will be accessible via the Tinkoff Investments mobile app, giving users the opportunity to meet traders and share trading ideas