About Sovcombank
Sovcombank is a company based in Moscow (Russia) founded in 1991.. Sovcombank has completed 5 acquisitions, including CiV Life, Liberty 24 and ONEY BANK. Sovcombank operates in a competitive market with competitors including Bank of America, Scotiabank, Citi, UniCredit and VTB Bank, among others.
- Headquarter Moscow, Russia
- Stage Public
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
Unlock access to complete
Funding Insights of Sovcombank
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $300.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Debt – Conventional - Sovcombank | Valuation |
investors |
|
| Sep, 2018 | Amount | Private Equity Round - Sovcombank | Valuation | Russia-China Investment Fund , SBI Group |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sovcombank
Sovcombank has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include SBI Group and Russia-China Investment Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Multiple sectors are invested in by the private equity fund.
|
Founded Year | Domain | Location | |
|
Diversified operations in finance, biotech, and healthcare are managed.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Sovcombank
Sovcombank has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include CiV Life, Liberty 24 and ONEY BANK. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Commercial banking services are provided in Uzbekistan.
|
2017 | ||||
|
Commercial bank
|
2013 | ||||
|
Provider of insurance solutions
|
2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Sovcombank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sovcombank Comparisons
Competitors of Sovcombank
Sovcombank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bank of America, Scotiabank, Citi, UniCredit and VTB Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
|
|
| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
|
|
| domain | founded_year | HQ Location |
Commercial bank
|
|
| domain | founded_year | HQ Location |
Commercial banking services are offered to corporate and financial institutions.
|
|
| domain | founded_year | HQ Location |
Finance company offering loans
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Sovcombank
Frequently Asked Questions about Sovcombank
When was Sovcombank founded?
Sovcombank was founded in 1991 and raised its 1st funding round 27 years after it was founded.
Where is Sovcombank located?
Sovcombank is headquartered in Moscow, Russia.
What does Sovcombank do?
Sovcombank was established in 1991 in Moscow, Russia, as a commercial bank. Core operations are focused on retail and corporate banking, including deposit management, loan issuance, and payment processing. Financial services such as investment products and insurance are also offered to clients. The bank maintains a nationwide presence, with headquarters in Moscow serving as the primary operational hub. Regulatory compliance is ensured under Russian banking standards.
Who are the top competitors of Sovcombank?
Sovcombank's top competitors include Citi, Scotiabank and Bank of America.
How many acquisitions has Sovcombank made?
Sovcombank has made 5 acquisitions, including CiV Life, Liberty 24, and ONEY BANK.
Who are Sovcombank's investors?
Sovcombank has 2 investors. Key investors include SBI Group, and Russia-China Investment Fund.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.