Finances

Techcelerator continues the acceleration program with nine selected startups for batch 4

Techcelerator continues to support the Romanian startups by starting today, March 26, its fourth batch with 9 startups selected from a number of 250 initial applications, which will benefit from intensive mentoring. The…

Romanian startup Gumzzz, building a metasearch engine for the dental healthcare industry, raised an investment of €100,000

Gumzzz, the Romanian startup that will make dental care services and packages easily accessible to patients all over the world, has successfully closed a first round of financing of €100,000. Currently, the Cluj…

OTP Bank Romania launches Mobile Payments, the complete mobile payment service

OTP Bank Romania offers complete “Mobile Payments” services for individual customers, holders of Mastercard cards. Mobile Payments services allow payment with mobile phones or other compatible mobile terminals, which use Android or iOS…

Gecad Venture’s founder, Radu Georgescu, joins SeedBlink’s board

Radu Georgescu, serial entrepreneur and founder Gecad Ventures, becomes partner and member in the board of SeedBlink, the biggest platform of Equity Crowdfunding in the region. At the moment, SeedBlink’s board includes Andrei Dudoiu,…

TBI Bank becomes the first SEE bank to partner with Bank of Lithuania for the launch of SEPA Instant

TBI Bank becomes the first bank in Southeast Europe to launch SEPA Instant, a real time payments scheme. The service is offered via Bank of Lithuania and provides customers with the opportunity to send…

Romanian cosmetics producer Farmec posts a 46% increase in sales for its online platform for 2019

Farmec, the biggest Romanian cosmetics producer, keeps developing its e-commerce segment and posted an accelerated increase of revenues for its online store, www.farmec.ro. In 2019, Farmec’s online sales increased by over 46%, compared to…

OTP Asset Management launches „Outlook 2020”, the analysis of the economic evolution of the Romanian market in the international context

OTP Asset Management Romania launches the market analysis “Outlook 2020”, at its IV edition, presenting the global and local economic retrospective for 2019 and the portfolio managers’ expectations regarding the investment opportunities and…

Impact Hub Bucharest attracts a new partner and a €2M investment from Autonom

Impact Hub Bucharest, organization supporting Romanian entrepreneurs and innovators with coworking spaces, team offices, events and acceleration programs, finishes the process to redefine its development strategy started during the summer with taking over…

GapMinder makes a follow-on investment in FintechOS which raises USD 14m in total

FintechOS, has announced that it has raised a USD 14M Series A round to continue its hyper accelerated growth and further development of the platform. The financing was been led by the Digital…

New Creative Agency 2050 Champions the Hard Work of Migrants in New Campaign for Azimo money transfer service

Creative agency 2050 & Azimo are drawing attention to the hard work of migrants in Europe in new Pan-European brand campaign. Azimo, which means ‘support’ in Swahilli, is a digital global money transfer…

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