SBH has advised Zubr Capital on the investment by its Zubr Capital Fund I in the Myfin Group, an IT platform for banking products. Revera reportedly advised Myfin Group on the transaction.
Zubr Capital is a Belarus-based company that manages private equity funds. It has two funds within its ambit – SMH and Zubr Capital I.
Myfin Group is a group of fintech companies operating in Belarus and Russia via myfin.by, bankiros.ru, and mainfin.ru. Its platform connects banks with their clients via digital solutions for loans, deposits, currency rates, and other financial information.
According to Zubr Capital, “myfin.by is the largest marketplace for banking products and services in Belarus. Portals bankiros.ru and mainfin.ru are in the top 3 Russian financial classifieds [platforms] with 3 million monthly visits.” The firm reports that “the deal amount is standard for ZCFI - from 5 to 10 million USD. Investments will be directed to further improve the platform and strengthen the company's position in the Russian and Belarusian markets.“
