Russian Fintech Increased Revenue by 14.6% Since the Beginning of the Year

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In the first three quarters of 2025, the combined revenue of the largest Russian fintech companies reached 194 billion rubles, increasing by 14.6% year-on-year, according to data from the analytical agency Smart Ranking, as reported by Kommersant.

Last year, the growth was 11% (169.5 billion rubles).

The top three companies by revenue were "YooMoney" (+17.2%, to 20.9 billion rubles), the developer of the SBIS system - Saby (+24.3%, to 14.5 billion rubles), and the online payment service for car refueling Benzuber (-6.2%, to 11.6 billion rubles).

Experts attribute the market dynamics to the active digitalization of the economy against the backdrop of the departure of Western services from Russia. However, market participants note that the segment is becoming saturated — the increase in the number of players has intensified competition for customers and reduced profitability. Macroeconomic factors, including fluctuations in consumer activity and the rising cost of borrowed funds, also have a restraining effect on transaction volumes.