FinTech news in central europe category

Investors such as Inovo, Credo, LauncHub, Vitosha, VentureFriends, and Marathon VC are all VCs of varying sizes who are — as we speak — roaming everywhere from Estonia and Poland all the way down to Greece and Turkey looking for early-stage startups to write checks for. Started in 2016, 500 Istanbul began with a $10.5 million fund and invested in 40 companies from Turkey, Hungary, Romania, Bulgaria, Greece, Ukraine and Poland, and has three unicorns in its portfolio. What happened to Western European VCs in the last 15 years started to happen to Central and Eastern (and South Eastern) VCs about two to three years ago and is now gathering pace. That may be the case but as the past recedes, having those U.S. connections are less interesting, as other VCs in the region will make their own connections to U.S. networks and U.S. VCs.

Taxfix as you might suspect prefers to talk about the good news stories around tax filing — it’s easy! and it’s often free money owed to you! — so Ott wasn’t keen to talk about how much money it calculated people owed to the state, but there is an opportunity there too to provide financing and longer-term managing of that financing as a different kind of product.