Fintech startups are developing rapidly in eastern Europe. There are a number of accelerators and incubators that support fintech startups, and the government is also supportive of the sector. This means that there is a lot of funding available for these companies, which helps them to grow quickly.
There are some challenges that fintech startups face in eastern Europe. The primary problem is a lack of clear and stable regulations. Another challenge is a rare talent, so fintech startups may have to look outside of the region for experienced employees.
As their numbers are quite fastly increasing, down below we will introduce you to some notable fintech startups which are based in different countries of eastern Europe. So, if you are one of those who is looking for new fintech startups check out the companies down below and make sure to introduce some rating that provides expert reviews for making real expectations.
Capital.com
Fintech startup Capital.com is based in Cyprus and provides a wide range of services including online banking, money transfers, investments, and more. In addition, Capital.com has also been able to raise significant funding from investors which has helped the company grow rapidly.
The success of Capital.com can be attributed to its focus on customer satisfaction and providing a wide range of services that meet the needs of its customers. In addition, the company’s ability to raise substantial funding from investors has allowed it to expand quickly and reach new markets.
The company has also partnered with some of the world’s leading financial institutions, which gives it access to a large pool of capital. This enables Capital.com to offer its users competitive rates on loans, investments, and other financial products. In addition, Capital.com is regulated by the Financial Conduct Authority (FCA), which adds another layer of protection for users’ funds.
Mintos
Mintos is a fintech startup that offers a number of financial services, including peer-to-peer lending, investment management, and personal finance management. The company has been quite successful in Latvia, where it was founded, and is now expanding into other markets.
Mintos’s main strength lies in its technology platform, which allows it to offer a wide range of financial services to its customers. The company has developed a sophisticated risk management system that helps it identify and avoid potential defaults on loans. This has helped Mintos achieve an impressive track record so far, with very low rates of default on its loans.
As more people become aware of this alternative form of financing, they are increasingly turning to companies like Mintos for their borrowing needs. This trend is likely to continue as the benefits of peer-to-peer lending become more widely known.
Kevin
Kevin is a fintech startup that was founded in Lithuania. The main services include mobile banking and different transactions. Kevin has been successful in Lithuania and has gained a large customer base. As the company claims, they plan to operate on the EU market soon.
In addition, Kevin’s fintech startup has a good prognosis for the global fintech market. The company has a strong team with a lot of experience in the industry, and they have developed innovative products that are well-suited to the needs of the market. In addition, Kevin has been able to raise significant funding from investors, which will help them scale their business quickly. Overall, I believe that Kevin’s startup is positioned well for success in the global fintech market.
Cash Credit
In Bulgaria, Cash Credit is the main fintech company, which achieved the highest level of popularity in a short period of time. Here locals are provided with different banking and financial services including transfers and loans.
Cash Credit has been able to grow so rapidly due to its focus on customer service and convenience. The company’s loan application process is quick and easy, and customers can get access to funds within 24 hours. Additionally, Cash Credit offers competitive interest rates and flexible repayment terms. These factors have helped make the startup one of the most popular choices for borrowers in Bulgaria.
Looking forward, Cash Credit plans to continue expanding its product offerings. With its strong focus on customer service and innovation, there is no doubt that Cash Credit will continue to be a leading player in the fintech space for years to come.
Veriff
Veriff is a fintech startup company that provides online identity verification services. It is one of the leading companies in Estonia, where it was based, because of its innovative technology and commitment to customer service.
Veriff’s technology allows customers to verify their identities online quickly and easily. The company has developed a number of proprietary verification methods that are more effective than traditional methods like knowledge-based authentication (KBA). They also have great support services.
The combination of innovation and excellent customer service has made Veriff one of the leading fintech startups in Estonia. Different from some of the mentioned startups, they are already available for global financial commerce. They are fully focused to increase the area of their availability across the world.