Wildberries-Russ joint venture establishes consumer credit MCC

MOSCOW. March 27 (Interfax) - RWB LLC, the consolidated company of Wildberries and Russ, has established a microcredit company (MCC) primarily engaged in consumer lending.

According to the Unified State Register of Legal Entities, MCC Payment Technologies LLC was registered on March 26 with a charter capital of 5 million rubles. Other listed activities include computer software development and information technology services.

Interfax has sent an inquiry to RWB's press service.

The Wildberries-Russ asset portfolio includes Microcredit Company WB Finance LLC (registered in December 2023, specializing in microfinance activities) and Wildberries Bank LLC (acquired in 2021).

In late 2023, Wildberries said that fintech would become one of the digital platform's strategic priorities in the coming years.