OctoBank A personal banking/financial service based on customer transaction and behaviour analysis Country: Russia | City: Moscow | Employees: 10+ Year Started: December 2014 | Sector: Banking & Accounting Product stage: Users | Website: octobank.com Team Product Team Founders: What is it? It’s a multi-banking app where people can connect their Irakli Agladze, CEO current bank accounts (according to PSD2 directive, or Product Manager with extensive client service other available APIs), and use it as a single-entry app experience and expertise in SMEs for their finances Denis Moskalets, CTO Developer with 9+ years experience in creating After the bank accounts are connected, a person can products for financial and consumer markets start using our app as he/she would use his or her standard mobile banking app. The difference is that Employees, Advisors & Investors: now all of his bank accounts are in one place. Slava Akulov, Advisor Revenue model: Audience (Advertising/ Lead led) Product Manager at a leading privately-held bank in Russia Scalability: Nikita Filippov, Advisor Previous funding: N/A Process software engineer & product manager for Average monthly revenues: 50,000 EUR decades Planned fundraising: N/A Market What is the need or problem being satisfied? Universal banks can’t really stay on the same page with their customers, We provide a multi-banking app that lets anyone in EU connect their bank/card account to the app. Competitive Advantage: Most of our competitors are still in the prototype stage, wilse we already have our product launched with one of the largest banks in Europe Market Size: The market is divided into two parts: 1.) Millenials - There are currently 180m of them in the EU 2.) SMEs - There are 23m of them in the EU