Fundz

Cian Completes Acquisition Of Smartdeal

PRIVATESep 19, 2023

Acquiring Company

Cian

Acquired Company

Cash Ex

BostonReal EstateReal Estate InvestmentMarketplaceVacation RentalCommercial Real EstateInformation TechnologySoftwareArtificial IntelligenceAnalyticsSaaS

Description

Cian PLC (MOEX: CIAN) (“Cian” or the “Company”), a leading online real estate classifieds platform in Russia, today announced obtaining an approval from the Governmental Commission for Control over Foreign Investments in Russia and signing an agreement to acquire 100% of SmartDeal (Praktika Uspekha LLC).

Quick answer

Cian is acquiring Cash Ex, announced September 19, 2023.

How much did Cian pay for Cash Ex?
The deal value was not disclosed.
What does Cian do?
Cian is a leading online real estate classifieds platform in the large, underpenetrated and growing Russian real estate classifieds market, with a strong presence across Russia and leading positions in the country’s key..
Where are Cian and Cash Ex based?
Cash Ex is based in Boston, Massachusetts, United States.

Source: Fundz verified event record.

Other recent acquisitions in Real Estate and Real Estate Investment

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Cian

About

Cian is a leading online real estate classifieds platform in the large, underpenetrated and growing Russian real estate classifieds market, with a strong presence across Russia and leading positions in the country’s key metropolitan areas. The Company ranks among the top ten most popular online real estate classifieds globally in terms of traffic (based on SimilarWeb traffic data for August 2023). Cian’s networked real estate platform connects millions of real estate buyers and renters to millions of high-quality real estate listings of all types — residential and commercial, primary and secondary, urban and suburban. In the first half of 2023, the Company had over 1.9 million listings available through its platform and monthly audience with an average UMV of 19.0 million. Through its technology-driven platform and deep insights into the Russian real estate market the Company provides an end-to-end experience for its customers and users and helps them address multiple pain points on their journey to a new home or place to work.

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Frequently asked

Who acquired Cash Ex?

Cash Ex was acquired by Cian. The deal was reported on September 19, 2023. Cian is privately held and operates in Real Estate.

When did Cian acquire Cash Ex?

Cian's acquisition of Cash Ex was reported on September 19, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Cash Ex do?

CashEx is a digital banking mobile application platform used to send and receive money without any transaction fee. This platform offers features like easy signup, a multi-currency wallet, zero transaction cost, a fund wallet, and swap currency. It is privately held, operating in Information Technology, and is based in Boston.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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