Portmone Group

Portmone Group, based in Ukraine, operates an advanced online payment and money transfer platform, providing essential financial transaction services to consumers and businesses alike, enhancing the efficiency of digital payments. Founded in 2002 and headquartered in Kyiv, Ukraine, Portmone Group specializes in online payments and money transfers. The company was previously involved in a change of ownership when Kaspi. kz acquired Portmone from 4i Capital Partners in July 2021 for USD 10 million.

The CEO of Portmone is Dmytro Basov. The company has completed 2 deals since its inception, with the most recent deal occurring on July 26, 2021, during its Add-on funding round. Portmone. com serves as a leading independent online payment and money transfer platform in Ukraine.

It offers a range of services including money transfers between cards, commission-free mobile balance top-ups, and payment processing for utility bills, transportation, education fees, and insurance. The platform supports multiple payment methods, including Visa, Mastercard, and the national payment system 'ПРОСТІР', targeting a diverse customer base consisting of both individual consumers and businesses. Portmone emphasizes security through compliance with international standards and advanced technologies like tokenization to safeguard user data. In the most recent year of 2020, Portmone reported a revenue of USD 1,873,495 with an EBITDA of USD 380,878.

The company generates income through a transaction-based model, where various financial services rendered, such as bill payments and money transfers, incur nominal processing fees, ensuring a steady revenue stream from transaction volumes. Following its acquisition by Kaspi. kz in July 2021, Portmone is strategically positioned for future growth. The acquisition will enable Kaspi.

kz to leverage Portmone's payments license and gain Visa and Mastercard accreditation in Ukraine. The company plans to expand its product offerings and enhance its service capabilities, although specific details about upcoming products or markets are not provided.