CloudCart, a professional platform for creating online stores, is launching a campaign to raise 10 million euros in Series A funding by the fourth quarter of 2024. With stable financial forecasts, the company expects to exceed a turnover of 25 million euros over the next four years, utilizing its scalable business model and innovative AI solutions. Over the past three […]

The franchise market continues its growth at an accelerated pace in 2023, given the high interest of Romanians in opening a franchise business. Thus, in the first quarter of the year, approximately 30% more franchises were opened in Romania than in the first quarter of 2022, according to Franchwise, the largest consulting company in the field of franchises in Romania. […]

MetaWealth, the Fintech startup with offices in Bucharest, Dublin and Toronto, has sold its first real estate asset to 153 retail investors from Romania, Cyprus, Austria, Switzerland, the UK, Denmark, Belgium, the Netherlands, the Czech Republic, Canada, Sweden, and Greece, for a combined value of USD 2.14 million. The sale, achieved in record time since MetaWealth first launched across the […]

The European Investment Fund (EIF) has signed a €5 million loan to Patria Bank, a Romanian lender specialised in financing small and microentrepreneurs with limited access to finance. The Tier II subordinated loan transaction, backed by InvestEU, will help strengthen Patria Bank’s capital position, thus facilitating further growth and development, with the ultimate goal of improving access to finance for […]

Revolut, the global financial superapp with more than 28 million customers worldwide and 2.7 million in Romania, is taking another step forward toward its mission of bringing customers the best financial products and services to manage their money. Revolut is on a mission to build the ultimate crypto offering, with regular features, products, and courses being added to the financial […]

Profluo, a startup that builds machine learning technology for the automatic processing of accounting documents, has reached a total investment of €625,000 less than a year after completing its first seed round. Along with Early Game Ventures, the main VC investor, a series of angel investors recently joined, including Bogdan Stanciu and Andreea Pipernea from the Bravva Angels community and […]

The blocking of Romania’s accession to the Schengen Area is considered “a great injustice”, being only an agreement between the Netherlands and Austria, which is looking for pretexts to isolate our country from this area for which it meets the technical entry conditions, is the opinion of Roxana Epure, an IT entrepreneur, the owner of NextUp Solutions. According to her, […]

The total investment volume in Romania reached EUR 323 mln. in the first half of 2022, 6% higher compared with the amount transacted in the same period of the previous year, according to the Romania Real Estate Market Outlook 2022 research special report, launched by CBRE Romania, the leader of the real estate consultancy market. In the first six months, […]

The Romanian company Color Smart Distribution, the only importer and distributor in Romania and the Republic of Moldova of the premium brands Novacolor and Pittsburgh Paints, has budgeted in 2022 an investment of over 500,000 euro, for expansion. In addition, the company allocates 3-5% of its annual revenues for sales support materials, and a significant part of the budget goes […]

The smart video content company for the health & fitness industry aims to boost its global expansion and enable organizations to produce quality video content at scale Hyperhuman is the omnichannel content platform that empowers digital or traditional health & fitness businesses to create and publish video content on any channel or format. After closing their first round in December […]