The company operates a fintech platform that helps small and medium-sized businesses in the Baltic region unlock working capital tied up in unpaid invoices. Businesses can upload an invoice and receive an advance of up to 90% of its value within 24 hours, with the platform collecting from the payer at a later date. Automated AI-driven risk scoring enables instant approval decisions, and the product integrates with widely used regional accounting tools via API. The company is in beta with paying customers across two Baltic markets and is growing fast within its target segment of B2B invoice-heavy SMEs.
- Valuation
- €500k+
- Traction
- 50-500 users
- Revenue
- €1k-10k MRR
The product falls under the EU AI Act's High-risk category due to its use of automated credit-decisioning; while human oversight and data privacy measures are reportedly in place, key compliance elements — including explainability, bias and fairness testing, and formal data governance documentation — have not yet been established, leaving readiness only partial.