Earlier this month Moscow Seed Fund, the venture arm of the Moscow city authorities, and Life.Sreda, a Russian fintech fund, announced they brought in 12 million rubles (approximately put $240,000 at the current exchange rate) in Scorista.ru.
Launched in 2013, this Moscow-based startup provides microcredit companies with credit scoring and risk analysis “in a minute.” In addition to authenticating the borrower’s ID documents, this scoring technology integrates information from the borrower’s social media profile, mobile phone account, credit and even fine history.
This capital injection came addition to “several dozens of million rubles” which the two funds had already invested in Scorista in the past.
Earlier this year Life.Sreda announced that, due to the turbulent conditions, of the domestic venture market, it will now focus on foreign startups rather than domestic ones.
Source: RVC.
