Uklon, OTP Bank, OTP Leasing and ULF Join Forces to Expand Partners’ Access to Leasing
On 21 July, Uklon, OTP Bank, OTP Leasing and ULF signed a Memorandum of Partnership aimed at expanding access to affordable credit and leasing solutions for fleet operators and drivers-partners.
Under the partnership, Uklon fleet operators and drivers-partners will have access to leasing solutions designed to support vehicle renewal, fleet expansion and business growth. The initiative is part of Uklon’s ongoing efforts to create new development opportunities for fleet operators and drivers-partners.
“Uklon is consistently working to support the development of Ukraine’s ride-hailing market. During the war, small and medium-sized businesses have a particularly strong need for access to transparent financing, including solutions that enable them to renew or expand their vehicle fleets. We also support partners whose vehicles have been damaged or destroyed as a result of Russia’s aggression,” said Ivan Chornohor, Vice President of Supply and Driver Operations at Uklon.
The key areas of cooperation set out in the Memorandum include:
- expanding access to credit and leasing solutions for Uklon fleet operators and drivers-partners;
- supporting the development of small and medium-sized businesses and strengthening Ukraine’s economic potential;
- improving the quality, safety, comfort and environmental performance of vehicles used in the ride-hailing sector.
“OTP Bank is continuously moving forward: we are growing, expanding opportunities for our customers, and introducing new products. Today, the Bank is the market leader in financing pre-owned vehicles, but we are not stopping there.
Our partnership with Uklon marks the next step in our strategic development. It brings together OTP Bank’s financial expertise and the innovation of one of the largest ride-hailing platforms, creating new opportunities for businesses and supporting the further development of the taxi services market,” said Oleh Klymenko, Member of the Management Board of OTP Bank, responsible for Retail Banking.
“For OTP Leasing, today’s signing of the memorandum is a logical continuation of our mission: to make car financing accessible and flexible for businesses, including sole proprietors — who make up a significant share of Uklon’s driver-partners and fleet operators. Our partnership with Uklon allows us to directly support drivers and fleets — particularly those whose vehicles have been damaged as a result of Russian aggression. We offer them a practical tool for rapid recovery and fleet renewal, tailored specifically to the needs of small businesses and individual entrepreneurs. Better vehicles mean safer trips, greater comfort, and a lower environmental impact. I am confident that our joint work with Uklon will make these opportunities accessible to an even wider range of partners, regardless of the scale of their business”, said Yanina Horenko, First Deputy CEO of OTP Leasing.
“Since 2019, ULF has been financing vehicles for fleet operators working with ride-hailing platforms across Ukraine — from businesses with just a few cars to large fleets numbering in the hundreds. Over this period, we have financed more than 2,500 vehicles, while the largest fleet financed for a single partner comprises 1,000 cars. Our partnership with Uklon is a natural extension of this expertise and will enable us to provide even more business owners with financing solutions to even more entrepreneurs, helping them renew and expand their fleets without placing significant pressure on their working capital,” said Dmytro Ulitin, Chief Commercial Officer of ULF.
