03.02.2017

Fitek is expanding in Europe

Fitek Group has acquired a shareholding in the Slovakian financial technology company, SmartPost. This is the next step in the expansion plans of the Fitek Group. Fitek has been exporting its services to Scandinavian countries, Germany and Poland. By acquiring a shareholding in SmartPost, Fitek homemarket expands to Slovakia. The acquired company will be renamed to Fitek.

Mait Sooaru, Fitek Group CEO: “Slovakia is the next step for us in Europe. Bratislava is logistically very well located. That gives us a potential to grow further into Czech Republic, Austria, and Hungary. Slovakia, with its population of 5.5 million, is a rapidly developing market, where machine-readable e-invoices are not yet widespread. We are a growing financial technology company and a pioneer in the area of e-invoices in the Baltic States, so we are able to share our experience in other European countries. Several Slovakian companies have already expressed interest in Fitek current invoicing solutions.”

SmartPost is a fast growing Slovakian invoice operator with a annual turnover of one million euros in 2016. The company employs fifteen people, and has clients which include financial institutions, infrastructure service providers, and telecom companies.

Fitek, the Baltic and European fintech- and e-invoice solutions provider, has expanded to the UK market. The company is registered and its first employees are at work.

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Kertu Roosimägi became the new Sales Invoice Product Manager of financial technology company Fitek Estonia. She has been engaged in accounting for 9 years and encourages companies to use e-invoices because this makes the financial work processes more convenient and saves a lot of time.

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The financial service automator and fintech company Fitek Group has purchased 50% of the Serbian business New Image, which offers e-invoicing and digital printing solutions in Serbia and Bosnia and Herzegovina. The business will operate in new markets under the Fitek name.

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