Sberbank buys platform and enters the housing and communal services market

Sber acquires the platform from Doma LLC to enter the housing and communal services market; the bank’s share in the company will amount to 78.04%, according to a message from the credit institution received by Rusbase.

Sberbank buys platform and enters the housing and communal services market

Sberbank signed binding documents for the acquisition of a controlling stake in Doma LLC, which is the owner of the platform solution. As a result of the transaction, Sber’s share in the company will amount to 78.04%, the founder of the company Ilya Sotonin will retain a 21.96% share. The closing of the deal is scheduled for February 2021.

The platform was launched in 2018 as a tool for effective property management with mobile applications for employees of management organizations and residents. It optimizes business processes in management organizations and allows residents to create applications to solve problems in a house or apartment, transfer meter readings and pay utility bills in one application.

It is noted that the acquisition of a controlling stake will allow the company to fully integrate into the Sberbank ecosystem. Thanks to synergies, the functionality and capabilities of will be significantly expanded, which will help to solve most of the existing problems of management organizations and residents faster and more efficiently.

“Our ecosystem already includes many services that can make a significant contribution to the development of the housing and communal services industry and provide residents with a qualitatively different customer experience. The highest priority in this regard, we see the task of creating convenient and safe tools for managing their property for residents of apartment buildings and villages “, – the words of the Deputy Chairman of the Board of Sberbank and the head of the Corporate and Investment Business Unit Anatoly Popov are quoted in the message.

Фото: Madhourses/Depositphotos

Source: Rusbase by

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