24 Jun 2022 14:20

Yandex merges several Plus and fintech services into separate business group

MOSCOW. June 24 (Interfax) - Yandex has set up a third business group, Plus & Fintech, the Russian Internet company said.

The new unit brings together services such as Yandex Plus, Yandex Music, KinoPoisk, Yandex Afisha and fintech. It is headed by Artem Savinovsky, Yandex general director in Russia.

Dmitry Pirogov, who has worked at Yandex since 2017, will develop fintech.

"These services have similar business solutions and common goals: they all bind together key Yandex services with end-to-end scenarios like, for example, Plus, which brings advantages in a whole range of services," the company said.

The company previously had two business groups: E-commerce & Ride-tech, and Search, Advertising & Cloud, both of which were set up in 2021.