• FOUNDING YEAR: 2012
    LOCATION:
    Croatia
    REGION:
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Banking as a service platform for micro-finance institutions. Saas platform Instafin is used by banks and financial institutions to provide banking services over cellular networks where other infrastructure is lacking or in poor condition.
MAIN CLIENTS:
Microfinance institutions

PEOPLE

FOUNDERS:
Onyeka Adibeli, Julian Oehrlein, Andrew Mainhart, Antonio Separovic
Board Members and Advisors:
Andrew Mainhart, Bozidar Pavlovic, Brigit Helms, Jaroslav Trojan
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Finance in Motion, Credo Ventures, CRE Venture Capital, Day One Capital, Playfair Capital, Esther Dyson, Moaffak Ahmed, Pule Taukobong, Middleton Enterprises
KEY EMPLOYEES:
Antonio Separovic(CEO)

TRACTION

COMMENT:
It has claimed a client base of 489,000 end users till now(Feb 2018).

MOMENTUM

FUNDED:
YES
DATE OF LAST FUNDING:
Feb 2018
TOTAL FUNDING COMMENT:
The company is planning to use the funds to expand its business reach(Feb2018).
SEED PRIOR FUNDING COMMENT:
An undisclosed amount raised in seed round in Oct 2015.

LATEST RESEARCH