ДП "СЕТАМ"
ДП "СЕТАМ" (State Enterprise SETAM) is a Ukrainian state-owned enterprise under the Ministry of Justice that operates OpenMarket, the mandated electronic auction platform for the sale of arrested, seized, and foreclosed property across Ukraine.
- Company typePrivate
- Founded2014
- HeadquartersKyiv, Ukraine
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
ДП "СЕТАМ" firmographics
Firmographics- Name
- ДП "СЕТАМ"
- Legal name
- ДП "СЕТАМ" (Державне підприємство "СЕТАМ")
- Website
- https://setam.net.ua
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ДП "СЕТАМ" (State Enterprise SETAM) is a Ukrainian state-owned enterprise under the Ministry of Justice that operates OpenMarket, the mandated electronic auction platform for the sale of arrested, seized, and foreclosed property across Ukraine.
- Ownership category
- akta.pro rank
ДП "СЕТАМ" industry classification
Industry- Product category
- Government Electronic Auction Platform
- akta.pro primary industry
- Foreclosure/REO & Distressed Property Auctions (BPAJAEAF)
Keywords
Where ДП "СЕТАМ" is headquartered
LocationHeadquarters
- HQ city
- Kyiv
- HQ country
- Ukraine
- HQ region
- Europe
Offices1 record
Markets served
ДП "СЕТАМ" business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Transaction fees from auction sales: SETAM generates revenue through transaction fees charged on completed electronic auctions. Fees are collected via guaranteed deposits (гарантійний внесок) and deducted from successful transactions. The platform handles various property types including residential and commercial real estate, vehicles, and industrial equipment.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Platform access is free for browsing; revenue is generated through transaction fees on completed auctions. |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
ДП "СЕТАМ" product offering
Product offeringCore offering
ДП "СЕТАМ" operates OpenMarket, the state-mandated electronic auction platform under Ukraine's Ministry of Justice, enabling the public sale of arrested, seized, foreclosed, bank, and voluntarily disposed property through competitive real-time online auctions. The platform supports listings across residential and commercial real estate, vehicles, land, industrial equipment, and other assets, with electronic signature (КЕП) integration, mobile apps, and dedicated procedures for ARMA and FGFO sales. Revenue is generated via transaction-based fees deducted from successful auction proceeds.
Product overview
ДП 'СЕТАМ' operates OpenMarket, a state electronic auction platform under the Ministry of Justice of Ukraine, for the public sale of arrested property, mortgage assets, and voluntary property disposals. The platform encompasses various property categories including residential and commercial real estate, vehicles, industrial equipment, electronics, and specialty items. The ecosystem includes specialized sub-platforms such as Land Trades (земельні торги) for land auctions, and a mobile iOS application for on-the-go auction participation.
Differentiator
Problem solved
Functional benefit
Products and services
- OpenMarket
- Земельні торги (Land Auctions)
- SETAM Mobile App
Companies that use ДП "СЕТАМ"
Customer profileSegments2 records
Ideal customer profiles2 records
ДП "СЕТАМ" technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature1 record
ДП "СЕТАМ" partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- Ministry of Justice of Ukraine (Мін'юст)coreSETAM operates as a state enterprise under the Ministry of Justice of Ukraine. The Ministry oversees and regulates the platform, issuing official orders (e.g., Order No. 471/5 dated 24.02.2026) directing platform operations. The platform operates under the Порядок реалізації арештованого майна, a regulation established by the Ministry.
- Дія (Diia) - Qualified Provider of Electronic Trust ServicescoreThe SETAM platform integrates with the Дія (Diia) electronic signature system for user authentication and digital document signing. Users can use their КЕП (qualified electronic signature) issued through the Дія platform to authorize transactions on SETAM.
- АТ 'IIT' (IIT Користувач ЦСК-1)coreIIT provides the cryptographic signature library (web extension and signing agent 'IIT Користувач ЦСК-1. Агент підпису') required for working with КЕП electronic signatures on the SETAM platform. This is the technical backbone for secure digital document signing.
- ARMA (National Agency of Ukraine on Asset Recovery and Management)coreARMA manages seized and arrested assets of entities involved in corruption or criminal cases and sells these through the OpenMarket platform. SETAM's rules for ARMA auctions are available at setam.net.ua/pravila-torgiv-arma.
- FGFO (Fund of Guaranteeing the Deposits of Individuals)coreThe Deposit Guarantee Fund sells bank assets through the SETAM platform. SETAM publishes specific procedures for FGFO sales at setam.net.ua/poryadok-fgvfo.
- State Enforcement Service (Державна виконавча служба)coreState enforcement officers (державні виконавці) are the primary sellers on the platform. They list arrested property on SETAM in accordance with the Порядок реалізації арештованого майна. Regional offices of the State Enforcement Service throughout Ukraine use the platform.
- Private Enforcement Agents (Приватні виконавці)corePrivate enforcement agents (licensed under Ukrainian law) are authorized to sell seized property through the OpenMarket platform, functioning as sellers/listers on the system.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
ДП "СЕТАМ" competitors and assessment
Company assessmentBroad incumbents
- Copart: Global online vehicle auction marketplace for salvage, seized, and bank-owned cars. Comparable to SETAM's vehicle auction vertical via shared online auction infrastructure and seized-asset supply.
- IAAI (Insurance Auto Auctions): Online and physical vehicle auction marketplace for salvage and total-loss vehicles. Comparable to SETAM in distressed-asset vehicle auctioning and take-rate revenue model.
- eBay (Marketplaces): Global online auction and fixed-price marketplace with broad consumer categories. Comparable to SETAM as a self-serve online auction platform with product-led growth and broad seller/buyer participation.
Direct peers
- ProZorro.Sale: Ukrainian state-backed electronic auction platform used to dispose of distressed and state-owned assets, including bank and ARMA assets. Directly comparable to SETAM/OpenMarket because both are government-mandated online auction venues operating in Ukraine under overlapping regulatory frameworks.
- Hubzu (ICE Mortgage Solutions): Online foreclosure and bank-owned (REO) property auction platform used by major US servicers. Directly comparable to SETAM's foreclosure/REO auction workflow and self-serve buyer registration model.
- Bid4Assets: US online auction platform specializing in government-seized and surplus real estate and personal property auctions. Comparable to SETAM because it channels government-seized assets to retail and institutional buyers via timed online auctions.
- RealtyBid: Online auction platform specializing in bank-owned, foreclosure, and tax-default real estate in the US. Comparable to SETAM because it auctions distressed real estate assets via timed online auctions to registered buyers.
- BidX (BVA Auctions): European online auction platform for real estate, notably the Netherlands, specializing in distressed and forced-sale property. Comparable to SETAM as a regulated electronic auction venue for seized and foreclosed real estate.
- Auction.com (Concierge Auctions / Ten-X): US-based online marketplace for distressed, foreclosure, and bank-owned real estate auctions. Comparable to SETAM in that the core product is online auctioning of seized/REO property to a broad buyer base, with transaction-fee monetization.
Regional players
- Gemark.lat (German confiscated-asset auctions): Online auction site aggregating German state enforcement and insolvency-asset auctions. Comparable to SETAM as a regional online auction venue for seizure and insolvency-driven asset sales.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
ДП "СЕТАМ" social profiles
Digital presenceДП "СЕТАМ" financial estimates
Financial estimateRevenue estimate
Valuation estimate
ДП "СЕТАМ" leadership team
Management profileNumber of profiles
ДП "СЕТАМ" funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ДП "СЕТАМ" M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ДП "СЕТАМ"
What does ДП "СЕТАМ" do?
ДП "СЕТАМ" operates OpenMarket, the state-mandated electronic auction platform under Ukraine's Ministry of Justice, enabling the public sale of arrested, seized, foreclosed, bank, and voluntarily disposed property through competitive real-time online auctions. The platform supports listings across residential and commercial real estate, vehicles, land, industrial equipment, and other assets, with electronic signature (КЕП) integration, mobile apps, and dedicated procedures for ARMA and FGFO sales. Revenue is generated via transaction-based fees deducted from successful auction proceeds.
Is ДП "СЕТАМ" a public or private company?
ДП "СЕТАМ" is a private company. It is classified as state government owned and is currently operating.
When was ДП "СЕТАМ" founded?
ДП "СЕТАМ" was founded in 2014. It employs 11 to 50 people.
Where is ДП "СЕТАМ" based?
ДП "СЕТАМ" is headquartered in Kyiv, Ukraine, in the Europe region.
How does ДП "СЕТАМ" make money?
One revenue line is on record: transaction fees from auction sales.
Who are ДП "СЕТАМ"'s main competitors?
Broad incumbents on record are Copart, IAAI (Insurance Auto Auctions) and eBay (Marketplaces). Direct peers are ProZorro.Sale, Hubzu (ICE Mortgage Solutions), Bid4Assets, RealtyBid, BidX (BVA Auctions) and Auction.com (Concierge Auctions / Ten-X). Gemark.lat (German confiscated-asset auctions) is listed as a regional player.
Does ДП "СЕТАМ" have an API?
Yes. The platform offers an API interface for integration purposes. The API is referenced as available at /api-i on the main website. Specific details about API type (REST/GraphQL), authentication methods, rate limits, or versioning are not provided in the accessible source data. Developer documentation is at setam.net.ua/api-i.
What industry is ДП "СЕТАМ" in?
ДП "СЕТАМ"'s product category is Government Electronic Auction Platform. Its primary akta.pro industry code is BPAJAEAF, Foreclosure/REO & Distressed Property Auctions.