Kommersant learned about the possible purchase of Tinkoff Bank of the Tochka fintech project

Bank “Trust”, the owner of the fintech project “Tochka”, is negotiating its sale, the most likely buyer is “Tinkoff“. About it writes Kommersant, citing sources.

According to three interlocutors of the newspaper, Trust is most actively negotiating the sale with Tinkoff. Another source said that the amount of the deal could be up to 20 billion rubles. It is specified that minority shareholders with 10% do not yet participate in the negotiations, they will probably retain their share.

In Tinkoff, the newspaper writes, they deny negotiations on the purchase of Tochka. At the same time, Trust confirmed that they plan to sell this asset, however, according to a representative of the organization, this will happen “when the market conditions are suitable.” The bank added that “large financial and industrial groups from the top 100” are considered as a potential buyer. At the same time, it is emphasized that Tochka will not lose its operational independence.

The company recalled that over the past 6 years, Tochka has changed its shareholders five times, and noted that this does not prevent the project from remaining a strong player in the market. “Now the company successfully serves over 500,000 businesses in the Russian Federation and ends the year with a profit of 6 billion rubles,” the company said.

The Tochka project for working with small and medium-sized businesses has existed since the 2000s. In 2018 “Opening“, Qiwi and Tochka created the Tochka joint venture, in which Otkritie had 50% plus 1 share, Qiwi had 40%, and Tochka’s management through Catalytic People had 10% minus 1 share.

In 2021 Qiwi sold its stake to Otkritie for 5 billion rubles. At that time, the entire company was valued at 11 billion rubles. As early as March 2022“Opening“sold 90% of the shares to Trust Bank, the remaining 10% is still owned by Catalytic People. Tochka co-founder Boris Dyakonov told Kommersant that Catalytic People has not yet been approached with an offer to buy back shares. According to him, “Trust” was initially considered as a “temporary investor”, and the sale of “Point” will only “strengthen the current position and open up new opportunities.”