Kassir acquisition just the ticket for Tinkoff
TCS Group Holding, a provider of online retail financial services, via its Tinkoff Bank, has acquired a stake in ticket sales company Kassir.
Kassir will sell tickets directly via the Tinkoff online bank and mobile app. The bank says the integration of the Russian entertainment online provider into its ecosystem will make tickets for events directly accessible to Tinkoff customers “while offering new solutions through synergies with other Tinkoff services”.
“We are focusing on building out Tinkoff’s ecosystem as we seek to provide our customers with a range of daily services beyond financial and insurance products,” says Oliver Hughes, CEO of Tinkoff Bank.
In 2017, Kassir sold more than 4.3 million tickets and expanded its regional network by seven offices to the 22 outlets it has currently.
Kassir offers 3,500 events daily, and the platform got a total of 70 million visitors last year. In 2017 its revenues totalled RUB 7.1 billion ($114 million).
Tinkoff says the transaction will not entail any changes in Kassir’s existing personnel or existing operations. All of its employees and management will continue with business as usual, and all arrangements with partners and counterparties will remain in effect.
Financial details, or the size of the stake, were not disclosed.
In addition to retail banking, Tinkoff’s ecosystem is quite diverse. It currently includes such business lines as SME services, investments, insurance, mortgages, a mobile virtual network and travel.
Last week, Tinkoff launched a joint initiative with Sberbank to allow their customers to make P2P money transfers using a mobile number.