About the company Zaymer
Security pageZaymer is one of the largest Russian microfinance companies, issuing small consumer loans over the internet with no need to visit an office. The lending decision is made by an automated scoring system. The shares trade on the Moscow Exchange under the ticker ZAYM.
What the company does
Microloans are small sums lent for a short term to borrowers whom a bank has turned down. The interest rate here is incomparably higher than a bank's, and that is not greed but arithmetic: a significant share of these loans is never repaid at all, and the interest on the loans that are repaid has to cover the losses on those that are not.
Hence the company's key skill is not lending but selection. A scoring model decides who gets a loan and how much, within seconds and without human involvement; the quality of that model directly determines how much money comes back.
Regulation here is strict and keeps getting stricter: the law caps the maximum interest rate, the maximum amount of overpayment and the number of loans per borrower. Each of these restrictions changes the economics of the industry directly.
Business lines
Short-term loans
Small payday sums, lent for terms starting from a few days.
Medium-term loans
Larger sums repaid in instalments over several months.
Scoring and debt collection
Automated assessment of the borrower and the handling of overdue debt.
History
- 2013The company is founded, issuing loans entirely remotely.
- 2010-еRegulation tightens: caps on the maximum interest rate and on the maximum overpayment are introduced.
- 2024Share offering on the Moscow Exchange.
Business review
Strengths and weaknesses describe the business itself. Opportunities and threats describe what may happen around it.
Strengths
- Fully remote lending: no network of offices is needed, and the cost per customer is low.
- The quality of the scoring model grows along with the accumulated data on borrowers.
- The exit of small players under regulatory pressure leaves the remaining ones larger.
- A short loan term means fast capital turnover.
Weaknesses
- Regulation is tightening steadily, and each cap on the interest rate changes the economics directly.
- A high share of defaults is built into the model and rises when household incomes deteriorate.
- The borrowers are people whom a bank has turned down: the quality of the portfolio is structurally lower than a bank's.
- The industry's reputation influences regulatory decisions, and not in its favour.
Opportunities
- The exit of small players unable to meet regulatory requirements leaves the remaining ones larger.
- The quality of the scoring model is the main competitive advantage, and it improves with the volume of data.
- The shift towards longer loans raises the average loan size while lowering the share of losses.
- Fully remote lending does not require a network of offices.
Threats
- Regulation is tightening steadily: each cap on the interest rate or on overpayment changes the economics directly.
- A significant share of loans is not repaid — a loss item that is built into the model, but a permanent one.
- A deterioration in households' ability to pay raises the share of defaults.
- The industry's reputational risks influence regulatory decisions.
Frequently asked questions
What does Zaymer do?
It issues small consumer loans over the internet: the application is submitted online, the decision is made by an automated system, and the money arrives on the borrower's card. The company has no offices for issuing loans.
Why are interest rates on microloans so high?
Because a significant part of these loans is not repaid. The interest on the loans that are repaid has to cover the losses on those that are not — otherwise the model does not work. The borrowers here are those whom a bank has turned down, and the risk is correspondingly high.
What is scoring?
An automated assessment of the borrower based on a large number of attributes, after which the system decides whether to issue a loan and for what amount. In microfinance, the quality of scoring is the main driver of profitability: these decisions are not made by a human.
Issuer profile
What the company does
The company is classified under the «Financials» sector, using the taxonomy we apply when comparing securities with one another.
The same sector holds 11 issuers on the platform, and their figures are computed by one method — so this company's revenue, profit and leverage can be compared with them directly.
The company is registered in Russia and identified in regulatory disclosure by tax number 5406836941. That number locates its statements in state registries regardless of how its name is spelled — and the spelling differs even between official documents.
Listed securities
The issuer has 1 security listed: 1 share class. All are shown on this page, including those trading in different modes and different currencies.
Across Moscow Exchange quotation list levels the securities split as follows: 1 at level 3. The level reflects how strict the disclosure, turnover and track-record requirements the issue meets are — not how attractive the investment is.
Dividend history
Between 2024 and 2026 the issuer made 5 payouts whose record date has already passed. A board recommendation or a forecast does not enter this history, because no money has been paid on them yet.
The most recent payout was 6.75 ₽ per security with a record date of 14 October 2026. That is the amount before tax: the broker withholds it on crediting, so less arrives in the account.
Financial statements
The most recent annual report we hold is for 2025 under IFRS. The standard is named for a reason: IFRS and RAS compute the same quantities by different rules, disagree by design and are never averaged.
Net income for 2025 was 4.35B ₽.
Equity stands at 14.50B ₽ against total assets of 17.80B ₽. The difference between the two is the company's liabilities, and the larger it is relative to equity, the more the business depends on borrowed money.
This section is assembled from our own data on the company's securities, dividends and financial statements. It is a description, not a recommendation.