FinovateSpring 2023 / FINTEQ
Presenter Profile:
How they describe themselves: FINTEQ is a technology startup from Poland. During our pre-seed round we raised $0.5M. Now, we are about to raise $2M in equity to accelerate scaling and expand internationally. We will report $250K in revenue in 2023. We have eight employees and 10 customers.
We strive to change how companies can improve their cashflows in a healthy and sustainable way. We stand against all debt-incurring or pay later concepts. We believe there is enough liquidity in every industry to bring stability and avoid financial bottlenecks.
How they describe their product/innovation: FINTEQ takes credit risk away from the supply chain and provides healthy and sustainable trade financing alternatives for suppliers. It is the next-gen payment accelerator that improves cashflow without risk. No credit risk assessment, no collateral, no documents, no typing in, no recourse.
We’re showing how a client can set up a supplier finance program and how this supplier can pay out invoices using the FINTEQ mobile app, anytime, 24/7, anywhere in the world with just one tap. All in minutes.
Product distribution strategy: Direct to Business (B2B), Through other fintech companies and platforms, Licensed
Contacts:
Bus. Dev.: Rafal Chrabol (CEO), rch@finteq.net | Marcin Bogdanowicz (Business Development Executive), mbo@finteq.net
Press: Marcin Bogdanowicz (Business Development Executive), mbo@finteq.net