March 20, 2017

The new Managing director of Fitek in Latvia – Edgars Strazds

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.

CEO of Fitek Group Mait Sooaru says: “Fitek is in an exciting era – we are helping our customers to transition to fully digital financial processes. New managing director of Fitek Latvia, Edgars Strazds has very suitable background to work with our team: he has been in several leading positions in SEB, he knows technology, banking and financial processes in businesses. And last but not least, he is a well-known leader.”

Edgars Strazds began his banking career at SEB bank in 2008, first in the Private Person Support department and later joining the Corporate Banking area as Account Manager. Since January 2011, Edgars Strazds was Advisory Manager in SEB Large Corporate Banking, providing financial consultations to largest corporate customers. During his last years at SEB he carried out managerial tasks both during the introduction of the euro as well as more recently during the bank’s transitioning to a new process management platform, which included implementation of the new SEB Internet Bank.

Edgars Strazds says he is glad to join the Fitek team: “The sector of financial technologies is an exciting challenge for me. My previously gained experience in the banking sector will help strengthen the current positioning of the company and expand our market share. I think financial process automation solutions haven’t reached their full potential in Latvia. Therefore, there is room for growth and finding solutions that would satisfy everyone involved. In addition, I am truly happy to join a team that has continuously been able to prove themselves as the best in the industry.”

For two decades now, quality, professionalism and experience are the values that describe Fitek in the financial technology sector. The time for taking opportunities is now, and Fitek will be facing new challenges – implementing the newly developed business strategy and extending and strengthening business both in the Baltic States and beyond. Recent law amendments and regulations as well as rapid technological growth has caused significant changes to take place, thus providing new opportunities in the business sector for services offered by Fitek.

1 July marks one year since the state of Estonia started accepting only e-invoices. This move made the state a pioneer in the transition to modern settlement solutions in Estonia; in one year, state agencies have received 370,000 e-invoices from their cooperation partners. Financial technology company Fitek, the operator of e-invoices for state agencies, estimates that the share of e-invoices received by the public sector has more than tripled, reaching 98%.

Learn More

Fitek, part of Europe’s leading financial technology company Unifiedpost Group, is to start cooperation with SEB Bank integrating e-invoice sending platform for SEB business clients. Initially, functionality will be launched in Estonia.

Learn More

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.

Learn More