Former Google Executive Joins Ukraine’s Leading PSP Portmone.com
Portmone.com announced today that Svyatoslav Komakha was appointed Chief Executive Officer of the company effective October 12, 2015. Svyatoslav joins from Google Inc. where he served as Marketing Director responsible for Ukraine, CIS and CEE countries for 4 years. Prior to that he directed the marketing department for Kraft Foods, covering 11 CIS countries.
“We’ve brought on board a very strong leader and a visionary at a time when Portmone.com is expanding fast in Ukraine’s improving economic and investment environment. Adding Svyat’s extensive marketing and management expertise to a proven business model will enable Portmone.com to multiply its revenue and expand regionally,” said Alex Munteanu, Chairman of the Board at Portmone.com and Managing Director of Europe Virgin Fund.
“We’ve managed to grow Portmone.com from a small family-type business into a dynamically growing company, tripling its revenues this year and securing a leading role in the rapidly developing Ukrainian e-payments market. Portmone.com is entering a new phase and I am confident that Svyat is the right leader to amplify our success,” said Igor Gorin, the President of Portmone.com
”This is an exciting time to join Portmone.com, and I am looking forward to joining forces with the Team to keep on the company’s dynamic growth and innovation pace. We will aim to make everyday lives of our users and clients more comfortable, powered by the opportunities technology and Internet bring us. As a loyal Portmone.com user, I truly believe in this mission,” said Svyatoslav Komakha, the CEO of Portmone.com.
Portmone.com is the largest independent service of online payments and money transfers in Ukraine. Pioneering the market since 2002, it currently serves around 2 million users and over 1,400 organizations, covering a wide range of regular payments (mobile top ups, housing and utilities, TV and Internet, insurance, taxes, bank loans, etc.) and card-to-card money transfers. The company offers a portfolio of proven IT payment solutions for banking, mobile, e-commerce and service industries. In 2013, Europe Virgin Fund became a majority stakeholder of Portmone.com.
About Europe Virgin Fund
Europe Virgin Fund is a regional private equity fund investing in Ukraine, Moldova and Belarus. The Fund has committed capital from Dragon Capital, the European Bank for Reconstruction and Development, the Swiss Investment Fund for Emerging Markets, the Black Sea Trade and Development Bank and other limited partners. The portfolio of Europe Virgin Fund includes controlling stakes in Ukraine’s largest manufacturer of tissue products VGP (TM Ruta), leading out-of-home advertising operator Prime Group, niche pharmaceutical manufacturer Sperco Ukraine, leading online payment service provider Portmone.com and Ukraine’s largest private security services provider Venbest.
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