Moscow Exchange (MOEX) has acquired a 70% stake in INGURU, one of Russia’s leading car insurance marketplaces, for an undisclosed amount. MOEX’s stake in INGURU could rise to 100% within five years.
As followed by bne IntelliNews, since 2020 the exchange has been exploring new revenue streams.
INGURU’s monthly audience is estimated at 1mn, as it partners with 16 insurers. In addition to car insurance (KASKO and OSAGO), INGURU has also started offering banking products from its partners.
The new acquisition is likely to be integrated into MOEX’s Finuslugi retail financial services marketplace, which currently offers bank deposits from partner banks,
"We view this acquisition as marginally positive for
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