News

Financial technology company Fitek together with its parent company Unifiedpost is developing the Invoice Gate service www.invoicegate.com. The e-invoicing solution was recently launched in Latvia and Lithuania, and 8 more countries will be added in July. In Estonia, the e-invoicing solution arved.ee aimed at small and medium-sized enterprises has been in use for a year, and almost 13,000 companies have joined it. Almost 90% of the invoices sent are e-invoices.

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On Tuesday, May 12, at 2 pm (EEST), a webinar "E-invoicing made easy" will take place. The webinar is free, you are welcome to attend!

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In today's market situation, the FitekIn invoicing solution enables both remote work and the contactless handling of invoices. FitekIn is used by 16,000 people from 1,150 organisations across Europe. Indrek Allas, the Head of Fitek's Business Unit, explains in detail.

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As we monitor and learn more about the spread of coronavirus in our communities, it is very important to make sure that we do everything to decrease the risk of infection, while continuing to provide our services to our customers as usual.

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To make getting started with EDI (Electronic Data Interchange) easier, business software developer Softera Baltics has developed a standard EDI connection for Microsoft Dynamics NAV (from 2013R2) and Microsoft Dynamics 365 BC. This enables companies using the software to more affordably join EDI operator Fitek’s EDI network. EDI Business Unit Manager Ainas Arust had the following to say about using EDI and what benefits it offers companies.

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On 12-13 February, Fitek Slovakia will participate as a bronze partner in one of the top events for leaders in Slovakia- CEO Forum. CEO Forum Slovakia is a conference aimed at bringing together successful CEOs from various companies operating in Slovakia and the Czech Republic.

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Fitek reached the top ten list of the most active eSigners in the country for the first time in 2018, and in 2019 Fitek already signed almost 8% of the total number of eSigned documents nationwide.

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Andrus Kaarelson, who previously served as the Deputy Director of the Estonian Information Systems Authority (RIA) and a member of the Management Board of Elisa Eesti AS, became the new managing director of Fitek AS, an Estonian financial technology company. At RIA, Andrus Kaarelson was responsible for implementing the strategy and development of the country's central IT platforms and e-services.

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In December 2019, Fitek, acquired by Unifiedpost in 2019, surpassed the milestone of 10,000 Estonian companies signed up to their tool arved.ee – with 87% of invoices sent as fully digital e-invoices.

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Head of Fitek Global Inbound Business Unit, Indrek Allas, will share his experience at the Estonian Accountants’ Conference on "E-invoicing and digitalization - where is the benefit?" by talking about sending and receiving e-invoices, and about the newly launched self-service platform Arved.ee. This e-invoicing platform is developing fast and will have 8,000 users by mid-October.

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Fitek has become a member of Foreign Investors Council (FIC) in Serbia.

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Fitek Group, the leading Baltic and European fintech and e-invoice solutions provider, will participate in the most important event of the year for financial leaders at the Slovakia-CFO Forum. The event will be interactive in nature, bringing together unique stories, talk shows, speaker discussions, and inspirational presentations. Fitek will be participating as the event’s Gold sponsor, as well as one of the event’s speakers.

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As a Estonian Government e-invoice operator, Fitek helped the State Shared Service Center implement a change in the Accounting Act. The jointly developed solution turned out to be very successful, and 90% of the invoices sent to the state in July were e-invoices.

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Fitek UK Ltd were happy to host Priit Masing from the Estonian Government when he visited Leeds on Thursday 5th September. Mr Masing’s visit will further the Estonian Governments involvement with the Yorkshire region and the growing digital and tech sector that is fast developing a worldwide reputation.

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Fitek has launched a European e-invoice portal InvoiceGate.com, enabling small- and medium-sized enterprises to send and receive e-invoices simply and transparently. E-invoice portal is a technologically advanced platform with a modern appearance. The platform enables the user to send and receive e-invoices locally and throughout the European network PEPPOL. InvoiceGate.com launch started with localized e-invoice portal arved.ee launch in Estonia in June 2019.

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Fitek Group, the leading Baltic and European fintech and e-invoice solutions provider, will participate in Europe's biggest FinTech event Money20/20 Europe – 3-5 June 2019 in Amsterdam, Netherlands. Money20/20 is where the payments, FinTech and Financial Services communities come together to connect and build the future of the financial service industry.

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Released on 21 May 2019, the Billentis Report The E-invoicing Journey 2019-2025 covers information on global trends in e-invoicing, adaptation, analysis and statistics, as well as explores emerging technologies and suggests development focus areas.

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Baltic-based Fitek joins Benelux’s UnifiedPost to create major European fintech player.

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Coming in 2019: Fitek introduces a new invoice portal for small- and medium-sized businesses

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November 28, 2018

Fitek Enters UK Market

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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As e-invoices enjoy wider use, the fintech company Fitek sees bookkeepers dealing with bigger financial issues for companies, rather than just inputting purchase invoices.

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Fitek, a leading Baltic and Central European e-invoice operator, acquired the majority stake in the Lithuanian company Sistemų integravimo sprendimai (SIS), operating mainly in Lithuania. Fitek Group will enter to electronic data interchange (EDI) business and will be providing electronic data interchange (EDI) solutions in both the Baltic States and elsewhere in Europe.

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The cooperation with Fitek and LETA will allow the National Library to digitize several million newspapers, books and sheets of music, something the National Library alone would not be able to carry out in such a short time (18 months).

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Fitek, the financial technology company, started as the Republic of Estonia’s sole partner for invoice management solutions. Beginning June 20, Fitek took responsibility for handling the purchase- and sales invoices of Estonian state institutions.

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Baltic e-invoicing operator, Fitek, has been admitted into the European E-Invoicing Service Providers Association, being the only Baltic company to achieve this. In cooperation with the association, preparations are being made for the transition to machine-processed e-invoices in 2018.

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Fitek, market leader in financial automation processes in the Baltic States have new managing director in Latvia – Edgars Strazds whose professional career up until now was related with the banking sector.

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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.

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The financial technology services company Fitek will be the first operator offering Pan-European e-invoicing in the Baltic countries as of the 15th of January.

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