Source Residents of Russia owe 6.7 billion rubles to MoneyMan, which is backed by foreign owners. What own and how its founders live. Credit trap
On New Year's Eve, Anton from the Kuban is overwhelmed by the collectors of the microfinance company MoneyMan. He borrowed 30,000 rubles, gave back 50,000, but owed another 100,000. That's some tricky math.
Couldn't close on time due to problems at work. To prevent collectors from calling my old people and turning on the meter, I prolonged the loan many times. The cost of one prolongation for a week is 2100 rubles. Then he began to hide. Now I owe them a hundred thousand, my bank account is about to be frozen in favor of MoneyMan by the decision of the justice of the peace, – Anton is sad.
In total, the Russians owe MoneyMan 6.7 billion rubles. This is the fifth place in the rating of Russian microfinance organizations in terms of the total size of the microloan portfolio (debt body including overdue debt) as of January 1, 2022. MoneyMan was the first in Russia to start lending online.
The company is 100% owned by a Cyprus offshore company. It is part of the Spanish holding ID Finance headquartered in Barcelona. Dividends from income are paid to Western investors, for whom there is even an advertising presentation to invest more.
While the Russians are drowning in debt, the creators of ID Finance are getting richer – an Israeli citizen living in Catalonia, Boris Batin and a London resident Alexander Dunaev. Both lived and studied in Britain as children. Both are donors to the Children's Trust, famous for handing out £250+ vouchers to young Britons to learn financial literacy.
Now Batin and Dunaev are actively giving interviews to the world media, positioning themselves as a kind of Mark Zuckerberg from fintech – it is when high technology is used to improve the financial industry.
— With the help of IT, we help consumers who are left out of the banking system. Our goal is to increase financial inclusion, which will entail increased social mobility and GDP growth, they are filled with a nightingale.
The son of a builder and a banker from Barcelona
Boris Batin, 39, is a Cambridge graduate and fashionista with Cartier cufflinks. His career developed at lightning speed: at the age of 20 he was already a partner of Deutsche Bank, at 23 he was vice president of Renaissance Bank, at 27 he took a similar position in the Moscow branch of Royal Bank of Scotland. Judging by his social networks, he devotes most of his time to sports and outdoor activities. Boris was a member of a closed student rowing club in Cambridge, ran a marathon in the Sahara desert, crossed New Zealand and the USA on a bicycle. Boris doesn't look more like a banker than a college sports team captain from a Hollywood movie.
In 2009-2010, Boris Batin was listed as the manager of the London company Baks Capital Llp. In the statutory documents, he was designated as a resident of the capital of England with the address 25 Marathon House, 200 Marylebone Road. This is a business-class residential complex near Regent's Park and the West End, where a one-bedroom apartment costs about a million pounds.
On his page on the business social network LinkedIn, Batin indicates that he lives in Barcelona. According to the Spanish commercial register, he has two financial companies in Catalonia and another real estate company that sells apartments in Buenos Aires, Brazil, for up to $260,000. Probably Batin occupies an apartment in a new building in Barcelona with a rooftop pool. Location: second line from the Mediterranean Sea on Avenida d'Eduard Maristany. The cost of such a property is about one million euros.
In numerous Spanish articles about Batin, journalists call him an Israeli.
Boris Batin carefully hides who his parents are: there is no information in open sources. Life found out their identity. His mother, Galina Batina, is an ex-employee of the Informprogress Commercial Bank for the Promotion of Trade and Supply, which went bankrupt and lost its license due to violations of the law. Since the eighties, she lived on Kutuzovsky Prospekt in the historic house of KGB officers, along with a certain Alexander Libman. He is the father of Boris Batin. He is a major Moscow builder.
Boris Batin could still have real estate in his homeland. He had a kopeck piece and a three-room apartment with a total value of about 70 million rubles in stalinkas on Kutuzovsky Prospekt.
Boris Batin was issued 30 acres of land, on which there is a luxurious mansion with an area of 651 square meters, in the elite village of Antonovka near Moscow. Such real estate will cost 200 million rubles.
Also, 34 acres were issued on Batina, where a slightly less fashionable cottage is located, in the village of Lesnoye Ozero in the Troitsky district of Moscow. The approximate price is up to 120 million rubles.
What is the other co-owner of MoneyMan known for?
The second founder of MoneyMan is 35-year-old Alexander Dunaev. As a child, he starred in “Yeralash”. In his youth, he studied at London's Imperial College. At the age of 20, he got a job as an analyst at Renaissance Bank, and at 22, as a partner at Deutsche Bank.
In 2012–2016, Alexei Dunaev managed the London-based firm Bering Strait Partners. The articles of incorporation stated that he was a UK resident living with his wife at 64 Pimlico Apartments, 60 Vauxhall Bridge Road. This is a premium home where apartments can cost upwards of a million pounds.
In networking networks, the Dunaev couple reports that they live in Barcelona. Perhaps in the same new building as Boris Batin. Dunaev's relatives are torn between Israel and London.
The Dunaevs may still have real estate in Russia. The young man is registered on the Leningradskoe shosse in a 33-million-ruble stalin treshka.
Also, Alexander Dunaev, the creator of MoneyMan, lived in a mansion on Tamanskaya Street in the respectable Serebryany Bor, a green island, a natural monument in the north-west of Moscow. Such real estate will cost about half a billion rubles.
Why collectors and MFIs with foreign roots can lose earnings
At the beginning of the year, it was reported that the Federal Bailiffs Service began to freeze any recovery in benefit of a number of MFIs and collection agencies with foreign roots. According to insiders, the FSSP perceived such organizations as non-residents and was guided by Russia's response to the sanctions of Western states.
MoneyMan collectors from the ID Collect company were also on the list. By the way, according to the SPARK database, its revenue for the past year reached 2.4 billion rubles.
Collectors did not accept this situation. Sharp dissatisfaction with the situation was expressed by the National Association of Professional Collection Agencies (NAPCA). “Our rights as collectors are being violated,” its representatives said. It is not known how things are going with the penalties now. Judging by the increased number of complaints against collectors of microfinance organizations, the tacit ban could have already been lifted.
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