FinTech Alliance company Okredo has secured €650,000 investment from a follow-up investment round.
In Brief:
Okredo enables SMEs to assess the credibility, stability and sales potential of their clients and partners.
The round was led by Lithuanian Business Angels Fund, Czech Presto Capital and Lighthouse Ventures.
This follows a €1mn round in November last year.
What does this mean?
Okredo has currently rolled out across three Baltic nations, and has more than 3,000 corporate clients as of now. It aims to develop an open banking solution and will expand into new markets such as the UK. In order to explore this market, Okredo has joined FinTech Alliance – read our interview with Chief Business Development Officer Kazimieras Mazonas to find out more.
