Ukrainian Fintellect, which develops a financial application for businesses, has raised $50,000 from venture capital firm ZAS Ventures. The current round is still but will be used to strengthen the team and support the infrastructure, AIN.Capital reports.
About Startup:
Fintellect was co-founded by Yegor Walowski and Danylo Golota, developing a financial tool for web studios, IT companies, digital agencies, and other types of companies from the creative and technology industries. The company claims its solution helps to avoid cash gaps, calculate the profitability of each project, control the cost of hourly rates, and integrate with time trackers, CRM, and HRM.
Currently, the team consists of six people. In 2023, Fintellect came out of the closed beta stage and is in the stage of active development, establishing sales and customer base. The team’s goal for the first quarter of 2024 is to attract additional investments, develop marketing and sales, and grow to €25,000 in regular monthly project revenue.
