Online crediting service Vsevcredit raised $ 1.5 M from investors

Online crediting service Vsevcredit attracted $ 1.5 M from Vadim Kurin and Gregory Berenstein, the former owners of NetByNet ISP. Investments will be spent on product development and customer service. Vadim Kurin and Gregory Berenstein received 35% stakes, while Moses Miirov and Alexander Smbatian, the founders of the service, reserved 32.5% of Vsevcredit.

Vsevcredit service intends to provide its services for online retailers and customers for free, earning agency commission of banks (which would amount to a few percent of loan). The project has managed to conclude a deal with such banks as Russian Standard, OTP Bank, Raiffeisen Bank, RosEvroBank and others.

According to Mr. Kurin he will create a management company jointly with Gregory Berenstein in the near future. In addition to Vsevcredit the partners intend to invest in other projects. Mr. Kurin did not disclose the details, stating only that the project will not have to deal with telecommunications.

Online stores that have installed a Vsevcredit module on their own websites will provide a service to its customers to purchase on credit. In this case, users will be redirected to Vsevcredit website to fill out an online questionnaire. Partner banks will consider it within an hour and if there are no problems with approval, Vsevcredit Credit Manager comes to the client for signing the Agreement.