Karma Joined Gazpromneft Accelerator StartupDrive
Hello, dear friends!
Good news! Gazpromneft picked Karma to join the StartupDrive accelerator.
Gazpromneft is the 3rd largest oil producer in Russia, initially acquired from the Russian government by Roman Abramovich and Boris Berezovsky for $100M. Now it's a giant corporation traded at London Stock Exchange and MOEX with a market capitalization north of $20B and $35B in annual revenue.
Gazpromneft spends more than $15B on subcontractors annually, and a significant part of this budget is spent on small-medium businesses. That's where Karma could be the helping hand, providing our core product: SMB loans for the government/corporate contract execution.
The main goal of Karma at the StartupDrive accelerator is to launch a collaboration and start financing Gazpromneft's pool of SMB subcontractors. That would be a significant step to increase our loan volume.
Cheers
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