Finstar Financial Group Acquires Bank SIAB
Summary
By taking over Bank SIAB, Finstar will be able to scale up its created IT platforms and start selling services directly to clients. The technical base for credit products already developed by Finstar will allow the Bank to reach a new level of quality of services provided, which will allow customers, including SMEs, to use the extensive mobile ecosystem being developed by the holding, combining several mobile banking services. The bank’s strategy is based on a customer-oriented business model with broad specialization. Led by Oleg Boyko, Founder and Chairman, International private equity firm Finstar Financial Group currently has a diversified investment portfolio in more than 30 countries. The investment group is largely focused on the fintech sector and has had successful projects in banking and financial services, IT, real estate, FMCG retail, media and entertainment.