Idram and IDBank Support Startups at Seaside Startup Summit

YEREVAN, August 3. /ARKA/. Thousands of ideas and numerous participants – all in one place. This year, Seaside Startup Summit once again brought together startup founders, seeking innovative solutions, and representatives of well-established major businesses.

Mentors from Idram and IDBank joined early-stage founders to support them through their growth journey, answer vital questions, and identify innovative solutions for startup scaling.

Albert Tunyan, Head of Key Partner and Digital Payment Projects at Idram and IDBank, Aghvan Abrahamyan, Head of SME Acquisition, and Hayk Muradyan, Head of Corporate Business Processes and Team Development, expressed confidence that many of these compelling ideas will soon enter the Armenian market.

“It is important not only to fall in love with your own innovations, but also to pay special attention to customer satisfaction. Often, founders focus entirely on product development and overlook sales. We are glad to see that startups today are placing more emphasis on sales, which is the key to success,” company representatives shared.

Within the framework of Seaside Startup Summit, Sergey Arakelyan, Digital Banking Director and Member of Management Board at IDBank, joined the jury, where he evaluated more than 10 startups.

Commenting on the event and the presented ideas, Sergey Arakelyan emphasized that participating in Seaside Startup Summit is an ideal opportunity for IDBank to discover innovative startups.

“What makes the Summit truly special is its format, which brings together projects across diverse sectors. It is particularly exciting to see financial solutions powered by artificial intelligence and current technological trends,” noted Sergey Arakelyan.

IDRAM AND IDBANK COMPANIES ARE SUPERVISED BY THE CBA

spot_img

POPULAR

Central Bank of Armenia puts into circulation a commemorative silver coin for the 35th anniversary of the Republic

The Central Bank of Armenia will put into circulation a silver commemorative coin, "35th Anniversary of the Republic of Armenia," on September 14, 2026, the regulator's press service reported.

Cube Invest contributes to the development of Armenian investment market

At the initiative of leading investment company Cube Invest, the first-ever "INVESTMENT PERSPECTIVES 2026" conference was held, bringing together leading financial and banking experts, high-ranking representatives of government agencies and organizations, investors, and entrepreneurs.

EDB forecasts inflation in Armenia at 4.4% by the end of 2026

Inflation in Armenia will reach 4.4% year-on-year by the end of 2026, according to the Eurasian Development Bank (EDB).

EBRD Bonds Worth 5 Billion AMD Listed on AMX

Bonds of the European Bank for Reconstruction and Development (EBRD) with a total nominal value of 5,000,000,000 AMD have been listed on the Armenia Securities Exchange (AMX), the AMX press service reported.

Loans issued by Armenian commercial banks approached 8.9 trillion drams at the end of July

The volume of loans issued by commercial banks in Armenia as of the end of July 2026 amounted to 8,898,629 million drams, compared to 8,775,241 million drams at the end of June.

LATEST NEWS

spot_imgspot_imgspot_img