JTC has made it into the ranking of the largest fintech companies (available in Russian only), with a combined revenue of 231 billion rubles for 2024, according to an assessment by the independent analytical agency Smart Ranking. Based on the research of data from 203 companies, Smart Ranking analysts noted a slowdown in the growth rates of the fintech sector compared to the rapid growth seen in 2023, leading to a plateau.
“The regulator's decisions and the results of pilots for initiatives launched in 2023 and 2024 will continue to influence market development. One of the drivers of demand from banks remains the digital ruble, which is expected to become a standard in the foreseeable future, and we have incorporated it into the functionality of our flagship product – the online banking system for legal entities, Salto.Avanti.
We anticipate further growth in B2B services following an increase in the number of business entities and banks' desire to develop super apps. More niche players will emerge, and competition will intensify due to the entry of strong players from e-commerce into the market. The boundaries between industries will continue to blur, and companies that have achieved significant results in their core markets may strongly influence dynamics in the fintech market,” commented Sergei Zhukov, CEO of JTC, on the agency's inquiries.
The company views its development prospects positively for 2025 and continues to expand its range of packaged solutions with a focus on online banking systems for legal entities.
“The regulator's decisions and the results of pilots for initiatives launched in 2023 and 2024 will continue to influence market development. One of the drivers of demand from banks remains the digital ruble, which is expected to become a standard in the foreseeable future, and we have incorporated it into the functionality of our flagship product – the online banking system for legal entities, Salto.Avanti.
We anticipate further growth in B2B services following an increase in the number of business entities and banks' desire to develop super apps. More niche players will emerge, and competition will intensify due to the entry of strong players from e-commerce into the market. The boundaries between industries will continue to blur, and companies that have achieved significant results in their core markets may strongly influence dynamics in the fintech market,” commented Sergei Zhukov, CEO of JTC, on the agency's inquiries.
The company views its development prospects positively for 2025 and continues to expand its range of packaged solutions with a focus on online banking systems for legal entities.
