What MigCredit does

MigCredit (ООО МФК «МигКредит») is a privately held Russian microfinance company incorporated in Moscow and registered in the State Register of Microfinance Organizations on July 8, 2011 under registration number 2110177000037, with 14+ years of continuous operation and Bank of Russia oversight. The company originates two core loan products: a short-term payday-style loan ("До заработной платы") of 3,000–30,000 RUB repaid in a single payment over up to 30 days, and a medium-term installment consumer loan ("Комфортный") of 20,000–100,000 RUB repaid bi-weekly over up to 52 weeks, with daily interest rates ranging from 0.02% to 0.8% and a 0% first-loan promotion for new customers. Product variants are tailored to underbanked personas — pensioners up to 80 years, self-employed individuals, individual entrepreneurs (IP), homemakers, and unemployed borrowers — all requiring minimal documentation (typically passport only) and disbursed via Russia's Faster Payments System (SBP) within an hour of contract signing.

The underlying platform is built on a proprietary automated scoring system that integrates with credit bureau (BKI) data to produce lending decisions in approximately 5 minutes, augmented by mandatory biometric identification through the Unified Biometric System (ЕБС) for fraud prevention. Customers access the platform through a self-serve website (migcredit.ru) and a full-featured mobile app on iOS and Android, while a four-branch physical presence (Moscow, Nizhny Novgorod, Orel, Kazan) supports in-person service, including a foreign-citizen service desk in Kazan. Repayment is accepted through an extensive partner network: Svyaznoy, Euroset, MTS, Beeline, Megafon retail salons, Elecsnet and Qiwi terminals, Alfa-Bank ATMs, and the Zolotaya Korona / KoronaPay money-transfer systems — providing nationwide 24/7 cash and card acceptance.

MigCredit generates revenue primarily from interest and fees on issued microloans, with a 71% repeat-borrower rate and over 1 million cumulative customers underscoring customer retention. Supplementary recurring revenue streams come from bundled subscription services: Personal Lawyer legal advisory packages (Basic at 500 RUB/month, Standard at 1,600 RUB/year, Premium at 2,300 RUB/year), Financial Confidence protection packages, and an Electronic Doctor health-screening tool, all delivered through affiliated entities (National Legal Service, Denum Tech, Sirius). The company also raises wholesale debt capital from retail investors through exchange-traded bonds (series 002МС-03 and prior issuances) yielding up to 21%–22% annually before NDFL, accessible via a fully digital Investor Personal Account launched in October 2025 — described as unique on the Russian microfinance market. An associated entity, Denum Solutions, was registered with the Bank of Russia as a BNPL installment operator in April 2026, signaling product-line expansion beyond traditional microloans. As of June 2026, MigCredit carries an Expert RA credit rating of ruBB- with a positive outlook, ranks among the top-10 Russian commercial MFOs by assets, and was named "MFO of the Year" at the IV Sravni Marketplace awards in May 2026.

Name

MigCredit

Legal name

Общество с ограниченной ответственностью микрофинансовая компания «МигКредит» (ООО МФК «МигКредит»)

Website

https://migcredit.ru

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

MigCredit is a Russian microfinance company (founded 2011, Moscow) issuing online payday loans up to 30,000 RUB and installment consumer loans up to 100,000 RUB to over 1 million borrowers, including underbanked segments, via its proprietary scoring platform, mobile app, four branches, and nationwide partner network.

Ownership category

akta.pro rank

Product category

Consumer Microfinance (Payday and Installment Lending)

NAICS

Nondepository Credit Intermediation (5222)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Small-Dollar Short-Term Installment Loans (Non-payday) (FSAKAMAI)

akta.pro secondary industries

BNPL for High-Ticket / Longer-Term Installments (FSAKACAN), Lending & Credit Disbursements (FSAMAKAH)

Keywords

• Consumer microfinance
• Payday loans
• Installment lending
• Online microloans
• Microfinance services

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Microloan Interest and Fees: Primary revenue from interest accrual on issued microloans (short-term payday loans up to 30,000 RUB and medium-term consumer loans up to 100,000 RUB). Daily interest rates from 0% for first loans (acquisition tool) to standard rates for repeat borrowers. Fees from loan extensions (prolongation) and late payment penalties.
2. Supplementary Financial Services: Revenue from bundled services including legal advisory subscriptions (Personal Lawyer from 500 to 2,300 RUB/month), financial protection packages, and electronic health services offered alongside core lending products.
3. Bond Issuance (Investor Returns): Company issues exchange-traded bonds to raise capital from investors. Returns to bondholders funded from lending operations. Company acts as tax agent for NDFL on investor income.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels6 records

Core offering

MigCredit is a Russian microfinance company that originates and services short-term payday microloans (3,000–30,000 RUB, single-payment, up to 30 days) and medium-term installment consumer microloans (20,000–100,000 RUB, bi-weekly installments, up to 52 weeks) to individual borrowers across Russia via its website, mobile app, and four physical branches. It also distributes supplemental subscription services (Personal Lawyer legal packages, Financial Confidence protection plans, Electronic Doctor health screenings) bundled with its loans and operates a fully digital investor onboarding portal for fixed-income investments funded by exchange-traded bonds.

Product overview

MigCredit operates as a microfinance company (МФК / LLC MFC MigCredit) offering a diversified portfolio of microloan products centered around two core loan types: (1) the short-term 'До заработной платы' (payday-style) loan up to 30,000 rubles repaid in one installment, and (2) the longer-term 'Комфортный' (installment) loan up to 100,000 rubles repaid bi-weekly over up to 52 weeks. The product range is extended through targeted variants for specific borrower segments including pensioners (up to 80 years), self-employed individuals, individual entrepreneurs (IP), homemakers, students, and unemployed persons — all featuring minimal documentation requirements and 24/7 online availability. A 0% first-loan promotion is available for new customers across all product variants. The company also provides supplementary service products including legal advisory packages (Personal Lawyer — three tiers: Basic at 500₽/month, Standard at 1,600₽/year, and Premium at 2,300₽/year), financial security services (Financial Confidence), and an electronic health screening tool (Electronic Doctor). The investor-facing product offers fixed-income investment returns up to 22% annually with a fully digital investor onboarding portal launched in October 2025. All loan products leverage the company's proprietary scoring platform and the Russian Unified Biometric System (ЕБС) for identity verification.

Differentiator

Problem solved

Functional benefit

Brands

• Личный адвокат: 24/7 remote legal assistance service — attorney representation, legal consultations, document templates, emergency legal support. Available in Standard and Premium tiers.
• Личный адвокат Стандарт
• Личный адвокат Премиум
• Финансовая уверенность
• Электронный доктор

Products and services

• Payday Microloan «До зарплаты» (Payday Loan) Short-term microloan for individual borrowers, 3,000–30,000 RUB, repaid as a single (one-time) payment over up to 30 days; new customers eligible for 0% interest first loan; disbursed via SBP, bank card, or CONTACT system; available 24/7 online.
• Comfort Loan «Комфортный» (Installment Consumer Microloan) Medium-term consumer microloan for individual borrowers, 20,000–100,000 RUB, repaid bi-weekly over up to 52 weeks; includes personalized offers and favorable rates for returning customers.
• Passport-Only Microloan (Микрозайм по паспорту) Express microloan requiring only a Russian passport as primary document (with an optional second identity document such as SNILS or driver's license); decision in minutes via automated scoring.
• Instant Card Loan (Моментальный займ на карту) Instant microloan transferred directly to the borrower's bank card (МИР, Visa, or MasterCard issued by any Russian bank), available 24/7 with funds arriving within minutes of approval.
• Microloan Refinancing (Рефинансирование микрозаймов) Loan product allowing borrowers to refinance existing microloans from other lenders, consolidating multiple debts into a single MigCredit loan with a new repayment schedule.
• Personal Lawyer «Личный адвокат» (Standard Subscription) 24/7 combined legal and medical assistance package including unlimited oral legal consultations, doctor consultations, second medical opinions, children's emergency consultations, medical law support, drug information, ambulance coordination, and CHARGEBACK dispute assistance; priced at 1,600 RUB per 12 months.
• Personal Lawyer Premium «Личный адвокат Премиум» Top-tier 24/7 legal service covering Standard features plus specialized consultations in consumer rights protection, traffic law, tax law, housing and utilities (ЖКХ), and neighbor dispute resolution; priced at 2,300 RUB per 12 months.
• Personal Lawyer Basic (monthly subscription) Basic 24/7 remote legal support service with two legal consultations per year, annual road-accident assistance, and access to document templates; priced at 500 RUB per month.
• Financial Confidence «Финансовая уверенность» Financial protection and personal-data security package offered in three tiers (Business, Standard, Lite) including income opportunity recommendations, identity protection, personal data leak analysis, financial compensation upon loan disbursement, and a vulnerability index; provided by Denum Tech.
• Electronic Doctor «Электронный доктор» Self-learning medical software complex with health screening tests for oncological risk, women's health, weight management, active longevity, chronic fatigue, cardiovascular risk, and viral conditions; built following European and American medical association guidelines.
• Investor Product «Инвестиции в МигКредит» (Bond Investment) Investment product allowing private investors to purchase MigCredit exchange-traded bonds at returns up to 22% per annum (before NDFL, withheld by MigCredit as tax agent); minimum investment 1.5 million RUB; terms from 3 to 12 months; fully digital onboarding via the Investor Personal Account portal launched in October 2025.
• Digital Investor Personal Account «Личный кабинет инвестора» Fully digital onboarding and management portal for private bond investors, enabling complete investment lifecycle (subscription, holding, returns) without visiting physical offices; unique on the Russian microfinance market at launch.

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability2 records

Feature6 records

Partnerships

14 partnerships are on record, tiered core and minor.

• ООО «Денум Солюшнз» (Denum Solutions)coreStrategic or Co-development Partner · 1 April 2026ООО «Денум Солюшнз», part of the Denum Group, became one of the first companies included in the Bank of Russia's register of buy-now-pay-later (BNPL) service operators (April 1, 2026). Denum provides BNPL and installment payment infrastructure serving MigCredit's ecosystem.
• SRO NP 'MiR' (Self-Regulatory Organization 'Microfinance and Development')coreOthers · 25 July 2013MigCredit is one of the founders and permanent member of SRO NP 'MiR', the main self-regulatory organization for microfinance companies in Russia. Membership provides regulatory oversight, industry standards compliance, and collective representation.
• Bank of Russia (Банк России)coreOthersBank of Russia is the primary financial regulator for MigCredit as a microfinance company (MFC). MigCredit operates under CBR oversight, holds CBR registration number 2110177000037, and is subject to CBR regulations including mandatory biometric identification requirements.
• Росгосстрах (Rosgosstrakh Insurance)minorOthersMigCredit offers customers optional insurance products through Rosgosstrakh, with customers purchasing insurance at their own expense using policies available at rgs.ru.
• Абсолют Страхование (Absolut Insurance)minorOthersMigCredit offers customers optional insurance products through Absolut Insurance, with customers purchasing at their own expense.
• Золотая Корона (Golden Crown) Payment SystemcoreTechnology or IntegrationMigCredit uses the Zolotaya Korona money transfer system for loan disbursement and repayment. The system offers instant transfer with no commission for customers.
• KoronaPay (Contact)coreTechnology or IntegrationKoronaPay (formerly Contact system) enables money transfers used for loan disbursement to borrowers who prefer cash or lack bank cards.
• Elecsnet TerminalscoreChannel Partner/ Reseller/ DistributorMigCredit accepts loan repayments through Elecsnet self-service payment terminals across Russia. Customers can make repayments without commission at these terminals.
• Alfa-BankcoreTechnology or IntegrationAlfa-Bank ATMs and branches serve as loan repayment points for MigCredit customers. Commission applies according to sender bank's tariffs.
• Telecom Retail Chains (Svyaznoy, Euroset, MTS, Beeline, Megafon)coreChannel Partner/ Reseller/ DistributorMigCredit customers can make loan repayments at retail salons of major telecom operators (Svyaznoy, Euroset, MTS, Beeline, Megafon) across Russia, providing wide physical accessibility for cash and card payments.
• ООО «Национальная юридическая служба» (National Legal Service)coreStrategic or Co-development PartnerMigCredit bundles 'Personal Lawyer' legal services (Standard and Premium tiers) provided by the National Legal Service, offering 24/7 remote legal consultation, document templates, and emergency legal support to borrowers.
• ООО Денум Тех (Denum Tech)coreStrategic or Co-development PartnerDenum Tech provides 'Financial Confidence' service packages (Business, Standard, Light tiers) bundled with MigCredit loans, offering financial protection, identity theft protection, and income opportunity recommendations.
• ООО «Сириус» (Sirius)minorStrategic or Co-development PartnerMigCredit offers 'Electronic Doctor' health screening services provided by ООО «Сириус», a self-learning software system based on European and American medical guidelines offering health risk screening tests.
• Google Play and Apple App StorecoreTechnology or IntegrationMigCredit's mobile app is distributed through Google Play (Android) and App Store (iOS), enabling customers to manage loans, make payments, and receive disbursements digitally.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• OneClickMoney: Russian online MFO specializing in short-term microloans via automated platforms for underbanked consumers. Operates with a comparable self-serve, minimal-documentation model targeting the same customer base as MigCredit.
• MoneyMan (МаниМен): Major Russian online MFO offering payday and installment consumer loans with automated scoring and 24/7 digital issuance. Operates in the same regulatory perimeter and serves similar underbanked Russian consumers as MigCredit.
• Zaymer (Центр Займер): One of Russia's largest online microfinance companies, offering short-term payday loans and installment consumer microloans to individuals via a fully digital, automated-scoring platform — directly comparable business model, customer base, and product mix to MigCredit.
• Turbozaim (Турбозайм): Russian online microfinance company specializing in fast short-term payday loans with automated approval and digital issuance, serving the same underbanked retail borrower segment as MigCredit.
• Vivus (Вивус) Russia: Online Russian microfinance company offering short-term consumer microloans with automated decisioning. Operates with similar product tiers, including first-loan promo pricing, comparable to MigCredit's offerings.
• Lime (Лайм-Займ): Top-10 Russian MFO offering both short-term payday loans and installment consumer loans through a fully digital channel with automated scoring — direct competitor in the same product and customer niches as MigCredit.
• Webbankir (Веббанкир): Top-tier Russian online microfinance company focused on short-term consumer loans with instant automated decisioning and digital disbursement — directly comparable offering and target customer as MigCredit.
• Ezaem (Е-заем): Russian online MFO providing payday loans and short-term installment loans via a website and mobile app with automated scoring — closely aligned product, channel, and customer profile with MigCredit.

Regional players

• Podderzhka (Плати позже / BNPL-операторы рынка): CIS-region BNPL/consumer-credit operators in the broader post-Soviet microfinance and installment ecosystem; adjacent peers as MigCredit and Denum Solutions expand into BNPL in the Russian market.

Emerging players

• Yandex Pay BNPL: Tech-platform-backed BNPL offering in Russia; relevant as MigCredit expands into BNPL via Denum Solutions — Yandex Pay represents large-scale competing BNPL infrastructure that MigCredit's BNPL subsidiary will compete against.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/mfo_migcredit
• Facebookfacebook.com/MigCredit
• LinkedInlinkedin.com/company/migcredit

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MigCredit