ConcordBank

ConcordBank is a Ukrainian financial institution that has established a strong presence in the banking industry since its inception in 2007. The bank's primary stakeholders, Elena Sosiedka and Julia Sosiedka, have been instrumental in its progressive development. Within a span of five years, Concord Bank has expanded its footprint with the opening of 10 offices across key cities in Ukraine, including Kiev, Lviv, Odessa, Kryvy Rih, Zaporizhzhya, and Kharkiv.

Concord Bank has rapidly positioned itself as a formidable player in the industry, garnering several accolades and accomplishments. It became a member of the Deposit Guarantee Fund of individuals and attained associate membership of internationally recognized payment systems including Visa International and Mastercard. The establishment of its own processing center, PROCARD, in 2016 has empowered the bank with unprecedented autonomy, from card issuance to efficient payment processing. Notably, other banks and trading networks have sought the services of PROCARD due to its reliable and cutting-edge capabilities.

In line with digital innovation, Concord Bank introduced icON25, its internet banking platform, alongside iOS and Android apps, providing customers with the unique capability to make fee-free payments for utilities, mobile services, television, and internet. This pioneering initiative has positioned the bank at the forefront of technological advancement within the Ukrainian banking sector.

ConcordBank's remarkable growth and strategic accomplishments illustrate its commitment to providing innovative financial services to the Ukrainian market. With its strong presence and progressive stance, the bank presents a compelling investment opportunity for venture capitalists looking to align with the dynamic and evolving landscape of the Ukrainian banking industry.