“Discovery” bought “the Bank for hipsters”

The Bank “Opening” has reached an agreement to purchase 100% online-service banking services “Rosebank” the founders and the venture Fund Runa Capital. This is stated in the press release “Open”. The deal, the report says, will be closed until the end of April.

“This transaction is consistent with our strategy, in which the direction digital is one of the key elements. For several months we worked with “Rocketboom” in the format of strategic partnership. During these months we were convinced that “Rosebank” and his team create significant added value, can be successfully and effectively integrated into the structure of “Open”.

As stressed by the CEO of OTKRITIE Bank Elena Budnik, the new partnership will allow to attract customers due to the “brand strength “Discovery” and accelerate product development.

“For two years “Rosebank” has grown from a startup into a dynamic company with hundreds of employees and tens of thousands of customers. Our model of a “light Bank” successfully passed the test and showed the market that the future of retail banking the convenient remote channels and the most attentive attitude to the client and the service,” said one of the founders of “Rosebank” Victor Lysenko.

The plans of “Opening” to buy “Rosebank” in September 2015, said sources close to both organizations, as well as a source close to the Bank “Intercommerz”, the processing of which works “Rosebank”. According to interlocutors , the sum of transaction will make about 300 million rubles or $4.5 million.

Then CEO Frank Research Group Yuri Gribanov said that the acquisition “Rosebank” — in the logic of acquisitions “Open”. “Deal similar to the one that was with service “Point” (an online service for companies, developed on the basis of lost license Bank24.ru. — ) and suggests that “Opening” believes in technology and gathers the market for such services,” he said.

Earlier, the head of TCS Bank Oleg Tinkov wrote in his Facebook that he is ready to redeem “Rosebank”. Tinkov then emphasized that “Rosebank” is a web-app than a full-fledged credit institution, and called it “smoothie-Bank”, alluding to his hipster nature.