When was the last time you went to the bank to make a transaction? Or wrote your company’s budget on paper?
If you can’t remember, you’re likely a savvy fintech user.
Despite not being the hottest trend anymore, with 2023 seeing the lowest investment values since 2017, fintech solutions are here to stay. In the end, most of the world’s unicorns, about 171, are 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 the fintech user base, especially in digital payments, will jump from about 300 million in 2018 to over 547 million in 2024. This growth shows that, even with reduced investments, fintech is still in the game.
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 Power the M&A, VC and PE Deal Workflow
Country: UK (Bulgarian founders)
Year: 2022
Founders: Nikola Lazarov, Petar Petrov
Funding: €1.4M
Investors: Fuel Ventures, Eleven Ventures
Fagura
Peer to peer lending marketplace
Country: Republic of Moldova
Year: 2017
Founder: Tudor Darie
Funding: €1.4M
Investors: Seedrs, InnovX, Adcenter, Angel Investors
Farseer
Low-code SaaS for financial modeling, planning, and analytics
Country: Croatia
Year: 2016
Founders: Luka Mijatovic, Matija Nakic, Zrinko Dolic
Funding: €1.5M
Investors: Apertu Capital, SQ Capital
Finloup
Platform for renting electronic devices
Country: Greece
Year: 2020
Founders: Antonis Prentzas, Marios Noutsos
Funding: €2M
Investors: Velocity Partners, Genesis Venture, Praxia Capital, HeBAN
FinqUp
Products and tools for investment, insurance and the broader finance industry
Country: North Macedonia
Year: 2021
Founders: Dime Galapchev, Igor Madzov
Funding: €100K
Investors: Vitosha Venture Partners, Keiretsu Forum, angel investors
Laven
Complementary health insurance for employees
Country: Poland
Year: 2019
Founder: Piotr Karda
Funding: €873k
Investors: 4growth VC, Cobin Angels
Moneyhoon
Digital financial platform that helps individuals manage their personal finances and save money
Country: Slovakia
Year: 2022
Founders: Erik Čebík, Dušan Michalko, Matúš Polakovič, Michal Josífko
Funding: €2M
Investors: Vision Ventures, Vacuumgroup, WEM Private Fund
PlanDelta
Consolidation & FP&A solution
Country: Bulgaria
Year: 2020
Founder: Milen Manev
Funding: €2.7M
Investors: Eleven Ventures, RTP Global, Angel Investors
Talsec
In-app protection and a user safety suite for the fintech industry
Country: Czech Republic
Year: 2021
Founder: Sergiy Yakymchuk
Funding: €1M
Investors: Depo Ventures, Dig Ventures
ThinkOut
Cash flow analysis and forecasting platform for SMEs
Country: Romania
Year: 2016
Founder: Cristi Barladeanu
Funding: €2.9M
Investors: MBH Fintechlab, Seedrs, Collider
