SKB-Bank acquires fintech startup Ecombank

SKB-Bank
SKB-Bank

SKB-Bank invested in Ecombank — service for microfinancing and factoring for businesses operating in the field of e-commerce. The first round of investment in the acquisition process has already been implemented (contract was signed yesterday). Representatives of SKB-Bank explained that Ecombank specializes on lending to the online stores under secured cash payments, i.e providing a payment on the day of dispatch of the goods to the purchaser. The company operates in the Russian market since 2014. The service is planned to be fully integrated with SKB-Bank. The project team, including founder Kirill Tinenin, will join SKB-Bank. “SKB-Bank group has two high-tech subsidiaries: IT-developer “CSC lab” and micro-credit company for the retail market “SKB-Finans”. The purchase fits in with the infrastructure of the Bank”,— said the Chairman of the Board of SKB-Bank Denis Repnikov.

PJSC SKB-Bank is a large, actively developing regional financial institution (the second largest asset in the Sverdlovsk region). The bank has 150 offices throughout Russia. The main activities are retail lending (cash loans, credit cards) and lending to small and medium-sized businesses. The bank is also the settlement center of the Pipe Metallurgical Company, owned by a billionaire, owner-beneficiary of SKB Dmitry Pumpyansky. The most important source of funding for the bank is deposits from individuals. At the moment, the ultimate beneficiaries of the bank are a member of the board of directors, Dmitry Pumpyansky, who owns 95.14% of the shares through Sinara Group JSC, as well as Cyprus citizens Vasilios Paraskevas and Andreas Hadzhioannu (0.98% each). Shares in public circulation – 0.86%. PJSC VTB Bank owns 0.72% of the bank’s shares, the Russian Federation represented by the Federal Agency for State Property Management – 0.28%. The remaining part 1.04% is owned by minority shareholders.

 

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