<article>ID Finance has secured debt funding for market expansion while drone company Aviasolutons and online cloud gaming services vendor Playkey have secured equity funding.</article>

ID Finance has secured debt funding for market expansion while drone company Aviasolutons and online cloud gaming services vendor Playkey have secured equity funding.
<h3 style="text-align: justify;">ID Finance closes funding for LATAM expansion</h3>
Barcelona-headquartered <a style="color: #000080;" href="https://idfinance.com/">ID Finance</a>, has closed $50 million in debt funding, including $15 million from Russia bank <a style="color: #000080;" href="http://www.tkbbank.com/" target="_blank">TKB</a> &#8211; which is supported by the EBRD and IFC &#8211; to expand across Latin American markets. ID Finance is a rapidly growing international fintech firm that specialises in data science, credit scoring, and digital finance in emerging markets.
According to a <a style="color: #000080;" href="http://www.ewdn.com/2017/02/20/online-lending-company-id-finance-secures-50-million-to-expand-across-latin-america/" target="_blank">report</a> by EWDN, ID Finance which has been operating in Russian-speaking countries, Spain and Poland, recently launched its online lending service Moneyman in Brazil in December 2016.
The $50 million funding will be used to develop further this Brazilian business unit, in addition to launching near-prime credit products and online POS-lending service in new countries of the region.
ID Finances&#8217; Head of PR Dmitry Gorokh explained to EWDN: “We’re eyeing Columbia, Peru and Mexico, in particular. This region has about 630 million people, including 360 million with high-speed Internet access and 200 million smartphone users. E-commerce and online lending are growing as telecom services are becoming ubiquitous. The potential annual volume of online lending in Brazil alone could soon reach $7 billion.”
With a growing structural consumer demand for credit in emerging markets amid insufficient credit available from traditional finance players, the firm is targeting these regions and claims to be the leading online lender in Russia and other Russian-speaking countries, having reportedly reach break-even in 2015. .
<h3 style="text-align: justify;">Aviasolutions closes €1m investment</h3>
Aviasolutions (“Aviaresheniya” in Russian), an industrial drone manufacturer based in Kazan, Tatarstan, has attracted around EUR 1 million from undisclosed individual investors in a deal reported by online publication Firrma.ru.
This investment will fund small-scale manufacturing of their latest model of industrial drone ‘FLYP,’ which will be deployed for pilot projects. Drone production cost is estimated at $25,000 per unit, with the priority targets being agriculture, cargo delivery and oil and gas industries.
According to the company, FLYP drones will allow farmers save up to 75 per cent on chemical cultivation and enable transport firms to deliver cargo to remote areas in  Siberia and the Far East. In 2015, Aviasolutions&#8217; claims that it successfully tested a drone with vertical takeoff and landing (VTOL) with a cargo capacity of 180 kg and a flying distance of 200 km.
Earlier funding was secured in 2015 from a venture fund named <a style="color: #000080;" href="http://fpivc.com/en/">FPI Partners</a> which has offices in Moscow and the US. The investment ticket size was EUR 1.9 million.
Aviasolutions has been performing pilot projects with Avgust, a major Russian agricultural chemicals producer, and Pony Express, a major Russian delivery operator, since 2016.
<h3 style="text-align: justify;">Darz invests $1.5m in cloud gaming firm Playkey</h3>
German data centre firm <a style="color: #000080;" href="https://www.da-rz.de/en/" target="_blank">Darz</a>, hs invested $1.5 million in the Russian startup <a style="color: #000080;" href="http://playkey.net/ru/intro_know/" target="_blank">Playkey</a>,  a cloud gaming service with international operations. Financial terms of the deal are undisclosed.
Playkey has previously raised close to $1 million and posted revenues exceeding $500,00, an increase from around $80,000 in 2015.
Playkeys&#8217; technology allows users to play the latest video games on low-performance computers. In a comment to Kommersant, Playkey’s founder Yegor Guryev told Kommersant in an interaction: “To upgrade his computer or console, an average Russian user would need to pay from 50,000 to 90,000 rubles [roughly $800 and $1,500 respectively at the current exchange rate]. Meanwhile, our monthly subscription fee amounts to just 390 rubles [a little more than $6].”
According to Playkey, nearly one million users have registered for its video game streaming service since 2015, with more than 300,000 of them have played and 30,000 of them have subscribed at least once, with a reported active user base of 6000
Playkey works with game publishers with a revenue-share model and is based in Skolkovo, an international technology centre outside Moscow. Proceeds from the investmnet will drive international expansion to Europe and Asia, development of its platform and infrastructure and the addition of more games.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/russia-9-65334/">Russia: Sberbank offers $588m credit for Megafon acquisition; Baring Vostok invests in consumer startups</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/russia-8-65084/">Russia: Bank St Petersburg venture arm; Runa Capital invests; Luxoft acquisition</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/co-owner-of-russias-rusal-considers-share-sale-sources-64670/">Co-owner of Russia’s aluminium giant Rusal mulls share sale</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/deripaska-plans-russias-biggest-share-sale-since-crimea-64632/">Deripaska plans Russia’s largest share sale since Crimea</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/64173-64173/">Russia: Geopost acquires stake in SPSR Express; St Petersburg venture fund; Cinemood funding</a>

ID Finance has secured debt funding for market expansion while Aviasolutons and Playkey have secured equity funding. 

Russia: ID Finance, Aviasolutions and Playkey raise funding

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Russia: ID Finance, Aviasolutions and Playkey raise funding

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief