Finances

OTP Bank launches the Micro Department, dedicated to financing local entrepreneurs

OTP Bank Romania has established its Micro Department, through which it provides dedicated financing and consulting services for small companies, with a turnover of up to one million euros per year. Through the…

Mastercard Fintech Express – a program to facilitate the launch and fast expansion for European Start-ups 

Mastercard announced the launch of Fintech Express in Europa, a program conceived in order to facilitate the entry on the market and the expansion for fintech companies. The start-ups will benefit of the…

Neogen Capital invests €500,000 in RPA developed by MissionCritical start-up

Neogen Capital investment fund invests €500,000 in the RPA (Robotic Process Automation) technology developed by MissionCritical. The start-up that creates software robots to fast automate processes in big companies is evaluated to over…

Revolut sneak-peaks into Romanians consumption habits during quarantine

Financial platform Revolut, which has over 1M users in Romania, released data showing the way the Romanians consumption habits changed during the COVID pandemic, namely between March 14 – April 14, compared to…

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…

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