TechVentures Bank
Romanian bank that offers the full range of banking services, both for individual clients and for legal clients.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | N/A | $959k Valuation: $19.2m | Secondary |
| Total Funding | 000k | ||
| EUR | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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TechVentures Bank S.A. operates as a universal bank in Romania, providing a comprehensive range of financial products and services to both individual and corporate clients. Originally established in 2009 as Banca Comercială Feroviară by businessman Valer Blidar, the institution underwent a significant transformation in December 2020. This change was driven by the acquisition of a majority stake by Vasile-Olimpiu Blăjuț, a seasoned IT entrepreneur with over two decades of experience in creating software for the Romanian banking industry. Following the acquisition, the bank was rebranded to TechVentures Bank to reflect its new strategic direction, which emphasizes leveraging technology to enhance client services.
The bank's ownership structure includes Vasile-Olimpiu Blăjuț as the primary shareholder, alongside other entities such as Tristar S.R.L., Tech Ventures Capital AFIA S.A., and Atelierele CFR Grivița S.A. The bank's leadership aims to create a more dynamic and agile banking experience by developing solutions that simplify processes for customers. This vision involves significant investments in digitalization, innovation, and process simplification to improve both customer experience and operational efficiency. The target market includes digitally savvy individuals and legal entities, from startups to large corporations, who require rapid digital processes.
TechVentures Bank's service portfolio for corporate clients encompasses current accounts, contactless Mastercard business cards, online and mobile banking, investment loans, and overnight deposits. For individuals and businesses, it offers a variety of deposit and savings accounts in multiple currencies, including RON, EUR, and USD. The bank also provides trade finance services such as letters of credit, letters of guarantee, and incasso, catering to both national and international trade. All deposits up to 100,000 EUR are protected under the Romanian deposit guarantee scheme.
Keywords: universal banking, corporate banking, retail banking, digital banking, financial services, Romanian bank, trade finance, investment loans, deposit accounts, savings accounts, online banking, mobile banking, Vasile-Olimpiu Blăjuț, Banca Comercială Feroviară, business loans, startup banking, SME banking, e-commerce solutions, POS services, financial technology