Last week TAS group, a major Ukrainian group of companies, announced it led a $3 million round of funding for online loan service MyCredit. Neither the other participants in the deal nor its financial terms were disclosed, but TAS and MyCredit underlined the “strategic” and “partnership” dimensions of the investment.
MyCredit’s post-money valuation exceeds $20 million, TAS stated.
Founded in 2016 and based in Kyiv (Kiev), MyCredit is three main players in the segment of online short-term loans. It claims to have served more than 500,000 clients so far.
TAS is one of the largest financial and industrial groups in Ukraine. Founded in 1998, the group has properties in a variety of industry, from finance, to real estate, to agriculture, to metal working industry. In the financial industry, the group operates several banks, a processing company, a leasing company and a credit operator, ‘KreditMarket.’