Fintech
10 fintech startups in CEE you should follow
When was the last time you went to the bank to make a transaction? Or have you written down your company’s budget on paper?
If you don’t remember, you’re probably a seasoned fintech user.
Despite no longer being the hottest trend, with 2023 seeing the lowest investment values since 2017, fintech solutions are here to stay. Ultimately, most of the world’s unicorns, around 171, come from this sector.
From online and mobile banking to digital payments, cryptocurrency, blockchain, insurtech, wealthtech and AI in finance, these innovations are still in high demand. Statista predicts that the fintech user base, especially in digital payments, will grow from around 300 million in 2018 to over 547 million in 2024. This growth shows that, even with reduced investment, fintech is still in play.
To see what’s new or still standing in CEE, below is a list with 10 startups innovating in the sector. Should your startup be on the next fintech list? Write a message to Elena at [email protected].
Eilla AI
AI platform to enhance the workflow of M&A, VC and PE operations
Village: Bulgaria
Year: 2022
Founders: Nikola Lazarov, Petar Petrov
Financing: 1.4 million euros
Investors: Fuel companies, eleven companies
Figure
Peer to peer lending market
Village: Republic of Moldova
Year: 2017
Founder: Tudor Darie
Financing: 1.4 million euros
Investors: Seedrs, InnovX, Adcenter, Angel Investors
Seer
Low-code SaaS for financial modeling, planning and analysis
Village: North Macedonia
Year: 2016
Founders: Luka Mijatovic, Matija Nakic, Zrinko Dolic
Financing: 1.5 million euros
Investors: Apertu Capitale, SQ Capitale
Finloup
Buy now, pay later platform for electronic devices
Village: Greece
Year: 2020
Founders: Antonis Prentzas, Marios Noutsos
Financing: 2 million euros
Investors: Velocity Partners, Genesis Venture, Praxia Capital, HeBAN
FinqUp
Products and tools for investments, insurance and the financial sector in general
Village: North Macedonia
Year: 2021
Founders: Dime Galapchev, Igor Madzov
Financing: €100K
Investors: Vitosha Venture Partners, Keiretsu Forum, angel investor
Laven
Supplementary health insurance for employees
Village: Poland
Year: 2019
Founder: Piotr Karda
Financing: 873 thousand euros
Investors: 4growth VC, Cobin Angels
Moneyhoon
Digital financial platform that helps people manage their personal finances and save money
Village: Slovakia
Year: 2022
Founders: Erik Čebík, Dušan Michalko, Matúš Polakovič, Michal Josífko
Financing: 2 million euros
Investors: Vision Ventures, Vacuumgroup, WEM private fund
DeltaPlan
Consolidation and FP&A solution
Village: Bulgaria
Year: 2020
Founder: Milen Manev
Financing: 2.7 million euros
Investors: Undici Ventures, RTP Global, Angel Investors
Talsec
In-app protection and a user security suite for the fintech industry
Village: Czech Republic
Year: 2021
Founder: Sergiy Yakymchuk
Financing: 1 million euros
Investors: Depo Ventures, Dig Ventures
Think about it
Cash flow analysis and forecasting platform for SMEs
Village: Romania
Year: 2016
Founder: Cristi Barladeanu
Financing: 2.9 million euros
Investors: MBH Fintechlab, Seedrs, Collider