Practica Capital is an early-stage VC dedicated to backing Baltic founders. We have invested exclusively in tech potential in the Baltic States for the last 10 years. We back great founders in their ambition in seed and selected pre-seed and A stages partnering with them as company builders. Practica Capital manages three funds with €52M in AUM. To date, we have made more than 60 investments, including great companies like TransferGo, PVcase, Interactio, Eneba, Ovoko, Trafi, CGtrader, and others. We are the most active Baltic syndicate partner co-investing with local, regional, and international VCs & PEs, accelerators & incubators, angels, corporates, public agencies, banks, crowdfunding platforms, and others.

Practica Capital

VEF is an investment company listed on Nasdaq First North Growth Market in Sweden under the ticker VEFL. We invest in growth stage private fintech companies across the emerging world. We take minority stakes and are active investors with board representation in each of our portfolio holdings. We respect the macro, but are firm believers that the secular growth trend of EM fintech outweighs all the macro uncertainty and volatility that we and our portfolio companies will invariably live through. A digital financial world is the end game and the best companies always come out of pockets of macro and market turbulence in a stronger relative position.

Revo Capital (www.revo.vc) is the leading venture capital in Turkey with $188M AUM and was founded at the end of 2013. Having completed the final close of its €90M second fund in October 2021, Revo continues to invest in seed to early and growth-stage startups in Turkey, Eastern Europe and Baltics, and has made 27 investments to-date. Fund’s anchor investors include notable institutions such as IFC, EBRD, EIF and DEG.  Some of fund’s key investments include, but are not limited to Getir, global q-commerce decacorn, PayCore, provider of end-to-end payment solutions and the region’s largest processor; Massive Bio, AI-enabled oncology clinical trial platform; and V-Count, e-commerce style visitor analytics platform for the physical world.

Revo Capital

Hard Yaka makes early round investments in exchange space startups. Candidates are either verticals in particular categories of exchange markets or horizontals providing services (i.e. messaging or payments) across exchange sectors.

Hard Yaka

U-Start is a professional advisory firm structuring club deals for a club of private investors. U-Start works alongside top-tier VC funds to scout and invest agnostically in digital and tech companies across Europe, Israel and the US. U-Start aggregates high-net worth Italian and Swiss families into one of the most comprehensive VC investor club active in the European VC landscape – The U-Start Club. The U-Start Club is a leading elite group of investors with a deep passion for innovation and VC investments. Through U-Start, U-Start Club members gain access and constant exposure to innovation globally. By being part of the U-Start Club, Family Offices and private investors can access the digital and tech space in a more holistic, strategic and conscious way, and can build up an efficient asset allocation.

U-Start

Seventure Partners is a French venture capital firm targeting in Tech/Digital and Life Sciences companies. It funds innovation and participates in the entrepreneurial adventure, alongside entrepreneurs and sharing their passion. Founded in 1997, Seventure Partners is one of the European leaders in venture capital, with € 1 billion under management as of December 31, 2023. It is an active partner of innovative companies that, according to the management team, show strong growth potential and evolving in two fields of activity: Digital Technologies and Life Sciences. With more than 20 employees, including some 15 investors, Seventure Partners has a proven track record and in-depth expertise in technology, entrepreneurship, and various private equity operations. Seventure's goal is to identify and support the development of tomorrow's European leaders in order to accelerate their growth. To do this, the firm provides entrepreneurs with the expertise, networks, and know-how of its internal team of investors. The different funds/verticals on which Seventure Partners are focusing on today: - Life Sciences : Biotech, Healthcare, Nutrition - Tech/Digital : B2B SaaS, Fintech, Retailtech, Cybersecurity - Sports & Wellbeing - Blue Economy

Seventure Partners

Elbrus Capital Funds are  CIS-focused private equity funds with US$1 billion of assets. Since the establishment of the first fund in 2007, Elbrus Capital Funds have made over 90 acquisitions. The funds focus on investments in leading Russian and CIS companies looking for further growth and consolidation opportunities. The funds seek to acquire controlling or significant minority equity stakes in fast-growing businesses, and partner with entrepreneurs who have the ambitions to take their business to the next level of development. Since the foundation, Elbrus Capital Funds  have invested in 18 platforms across different industries, including the leading players in the digital area (HeadHunter, Mail.ru Group, CIAN Group), FMCG (Great Beer Holding), outsourcing and logistics (DPD Russia, PickPoint, OSG Records Management, Intercomp), private healthcare (National Medical Network), media (UTH, Vyberi Radio) and others.

Elbrus Capital

Black River Ventures (BRV) is committed to supporting passionate entrepreneurs who build disruptive, world-changing companies. We believe that only exceptional and capable teams can turn great ideas into outstanding businesses. Black River Ventures is investing into innovative companies across the European technology space, primarily in the IT and Internet segments. We are convinced that the European online audience of 400M+ people, the second largest market after China, provides appealing opportunities for Europe-born global companies. We partner with early and growth stage visionary companies aiming to become industry leaders. Our mission is to provide smart capital for long-term growth by leveraging the collective experience and expertise of the BRV team based in the EU and US.

Black River Ventures

Pario works with entrepreneurs, CEOs, and business owners to identify and implement an exit strategy for the founder or shareholder. Pario Ventures is also active in investment for the startup, scale phase, and then pre IPO. It was founded in 2010 by Kevin Doyle and David Murray-Hundley and is based in London, England, the United Kingdom with also an office in New York and Brussels.

Pario Ventures

Founded in 2009, Unlimit is a global fintech company that offers a large portfolio of financial services, including payment processing, banking as a service (BaaS), and an on&off-ramp fiat solution for crypto, DeFi, and GameFi. The company’s mission is to deliver solutions that eliminate financial borders, enabling businesses to operate both locally and internationally with ease across Europe, the UK, LATAM, APAC, India and Africa. Unlimit has 700 employees across 16 offices and five continents, including London, Singapore, São Paulo, Hong Kong, and Mexico. For further information, please visit: www.unlimit.com.

Unlimit

TransferGo

TransferGo is a global money transfer company that supports migrant workers to send money back to their relatives without paying unnecessary bank fees. Through the company, migrants have the ability to transfer money overseas with the help of a digital account-to-account business model. As it is a licensed and authorized payment institution controlled by the FCA under the supervision of HMRC, the company is considered as a secure way of transferring money. Since it removes the costs of international transfers, TransferGo is a fit for businesses to pay their suppliers. It charges a fixed fee for transferring money as well as a 0.6% to 1.5% fee for the currency conversion per transaction.

TransferGo is a digital money transfer service that enables fast and cost-effective international money transfers. It utilizes an innovative approach by opening bank accounts in various countries, allowing local transfers both for receiving funds in the sending country and dispatching them in the receiving country. This strategy eliminates most transfer costs, enabling TransferGo to offer highly competitive exchange rates and low fees.

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TransferGo is a digital money transfer service that enables fast and cost-effective international money transfers. It utilizes an innovative approach by opening bank accounts in various countries, allowing local transfers both for receiving funds in the sending country and dispatching them in the receiving country. This strategy eliminates most transfer costs, enabling TransferGo to offer highly competitive exchange rates and low fees.
The company was founded in 2012 and is headquartered in London, UK, with operations across Europe. TransferGo's platform supports transfers in 22 currencies across 47 countries, serving over 5 million customers as of March 2023. It provides services for both individuals and businesses, including batch payments and integration with accounting software.
TransferGo offers a user-friendly online platform and mobile app, allowing customers to easily initiate transfers. Depending on the delivery speed selected, funds can reach the recipient within 30 minutes or on the same day. The company prioritizes security, adhering to stringent regulations and employing robust encryption protocols to safeguard customer data and funds.
As of March 2024, TransferGo was recognized as one of the most cost-effective options for sending money from the UK, being the cheapest provider for 26.2% of all searches conducted on Monito's comparison engine. It also earned top rankings for transferring funds to the UK, being the best choice for 17.7% of the searches.

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 Wise (formerly TransferWise) is a financial technology company that provides low-cost international money transfers and multi-currency accounts for individuals and businesses. Founded in 2011 and based in London, Wise operates a peer-to-peer network that allows customers to transfer money across borders without the high fees and markups charged by traditional banks.
 
 
 
 
 Wise's core offering is a money transfer service that leverages the mid-market exchange rate and charges transparent, upfront fees rather than hiding markups in exchange rates. It supports transfers to over 160 countries across 50+ currencies. For personal users, transfers up to around USD 5,000 tend to be most cost-effective through Wise.
 
 
 
 
 In addition to money transfers, Wise provides multi-currency accounts that allow customers to hold, convert between, spend, and receive over 40 currencies. Users can get local bank details in 10 major currencies like USD, GBP, and EUR to receive money like a local. The Wise debit card enables spending in over 170 countries at the mid-market rate.
 
 
 
 
 Wise is regulated by financial authorities in the countries where it operates, including FinCEN in the US It has over 16 million customers and processed USD 11 billion in cross-border transactions per month as of 2024. Key features include low transparent pricing, fast transfers (50%+ instant, 90% within 24 hours), and user-friendly web/mobile interfaces.
 
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Wise

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 Remitly is an online money transfer service that enables individuals to send money internationally from the US, Canada, Europe, Australia, and the UK to over 180 countries worldwide. The company's primary focus is on facilitating remittances, allowing immigrants and expatriates to securely and conveniently send money back home to their families and loved ones. Established in 2011 and headquartered in Seattle, Washington, Remitly has grown to serve over 3 million customers annually, with a total transaction volume exceeding USD 20 billion as of 2021.
 
 
 
 
 Remitly offers two distinct transfer options: Express and Economy. The Express service facilitates near-instant transfers, with funds typically arriving within minutes for cash pickups or a few hours for bank deposits. This option is ideal for urgent fund transfers but comes at a higher cost. Alternatively, the Economy service provides a more affordable solution, albeit with a longer delivery time of three to five business days.
 
 
 
 
 One of Remitly's standout features is its extensive network of payout options. Recipients can choose to receive funds through bank account deposits, cash pickups at over 400,000 locations worldwide, mobile wallet transfers, or even home deliveries in select countries like the Philippines, Vietnam, and the Dominican Republic. This flexibility caters to the diverse needs of Remitly's global customer base.
 
 
 
 
 Remitly's fees and exchange rates are generally competitive within the industry. Fixed transfer fees typically range from USD 1.99 to USD 3.99, while exchange rate markups are typically between 0.5% and 2.5% above the mid-market rate. Larger transfers often incur lower fees, with Remitly waiving fixed fees for bank-to-bank transfers exceeding USD 1,000.
 
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Remitly

Zepz is a global cross-border payment group that operates two leading remittance brands, WorldRemit and Sendwave. The company disrupted the traditional remittance industry by taking international money transfers online, offering a faster, more affordable, and secure way to send money globally. Zepz's platforms facilitate digital money transfers to over 130 countries across more than 5,000 money transfer corridors, including emerging markets with high barriers to entry.
The company's business model revolves around providing a seamless digital experience for senders, enabling them to transfer funds from a smartphone or computer, while offering a wide range of payout options for recipients, such as bank deposits, cash collection, mobile airtime top-ups, and mobile money. Zepz's technology eliminates the need for physical cash handling, enhancing security and convenience.
In 2021, Zepz reported a significant 67% year-over-year revenue growth, reaching USD 399 million, following the acquisition of Sendwave in February 2021 and a USD 292 million Series E funding round in August 2021. The company achieved profitability in the first half of 2022, driven by investments in marketing, talent, and technology, enabling efficient customer acquisition and paving the way for future growth.
Zepz's platforms have facilitated the movement of money that has supported education, healthcare, and daily expenses for families, contributing to the economies of recipient countries. In the first half of 2022, WorldRemit users sent more than USD 2 billion to the African continent, with core African and Asian markets experiencing substantial year-over-year volume growth of over 20% and 35%, respectively.

Zepz

Girmiti Software is a technology company that specializes in developing digital payment solutions and professional services. The company offers next-generation solutions and services tailored for various industry verticals, including payments, retail, restaurants, healthcare, telecom, banking, transit, and events management.
Girmiti's core offerings revolve around EMV solutions for mobile point-of-sale (mPOS) systems, personal computers (PCs), mobile devices, and card readers. Additionally, the company provides add-on transactional channels for payments processing. Girmiti's solutions leverage innovative technologies like QR codes, Near Field Communication (NFC) wallets, and contactless payments to enhance flexibility and mobilize businesses within the payment ecosystem.
The company's expertise lies in executing and delivering innovative solutions, operations, and professional services with a focus on cost-effectiveness in niche areas. Girmiti Software has achieved CMMi Level five appraisal, affirming its software development and delivery capabilities. The company is ISO 9001:2015 and ISO/IEC 27001:2013 certified, ensuring quality management and information security standards. Additionally, Girmiti Software is PCI DSS SAQ-D v3.2 certified, demonstrating its adherence to payment card industry data security standards.
Girmiti's NFC wallet solution enables financial institutions to offer contactless payment options to their customers through secure smart chips on mobile devices. This mobile wallet application can store various payment cards, access cards, coupons, loyalty cards, prepaid cards, and tickets, facilitating contactless transactions with nearby NFC-enabled terminals or reader devices.
In the transit sector, Girmiti develops Automated Fare Collection System (AFCS) solutions, integrating ticketing systems for public transport networks like buses, metros, and rails. These solutions automate fare collection, support various fare media (tokens, cards, NFC), and facilitate online ticket purchases and recharges, accepting multiple payment methods.
Girmiti's EMV services encompass developing and implementing EMV L2 kernels for point-of-sale (PoS) terminals, mPOS solutions on Android OS, and chip card management systems. The company also offers testing, security evaluations, and payment scheme certifications for its EMV solutions.
In the banking and financial services domain, Girmiti helps firms develop business solutions that drive efficiency, effectiveness, innovation, and virtualization while ensuring compliance with regulations. The company's team of analysts, domain experts, and technology specialists provide solutions tailored to support mobile, ecommerce, and cloud environments.

Girmiti Software

Platforms using a global network of businesses and individuals to complete international fund transfers

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Enables small businesses and users to access lending, equity, and fund transfers circumventing established institutions

TransferGo

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