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HomeBusinessMade in Emerging Europe: Qoobiss, PayQin, Corefy, Tenderly

Made in Emerging Europe: Qoobiss, PayQin, Corefy, Tenderly

Romanian KYC start-up Qoobiss gets 500,000 euros and launches new automated solution

Bucharest-based digital identity verification start-up Qoobiss has launched a brand new automated KYC (know your customer) solution carrying out a 500,000 euros investment.

With the brand new solution, companies can verify the identities of the customers digitally while maintaining data privacy.

According to the company, the solution is designed to be scalable, easy to implement and it is 100 percent online-based, helping companies save your time and cash. Using AI-powered biometric technologies Qoobiss' product helps onboarding and by using KYC/AML software the identity of customers is verified in fast and accurate way.

“Our product may be used in a variety of industries, such as fintech, blockchain, e-commerce, or perhaps medicine, because of our team's excellent knowledge of specific issues and the fine balance between different regulatory obligations and also the need for improved customer experience, as we ensure a scalable solution and secure protocols,” says Alexandru Rizea, CTO.

Estonian fintech start-up PayQin receives funding to develop e-wallet service in Africa

Tallinn-based fintech PayQin has announced a new funding round towards the tune of 300,000 euros and also the growth of its e-wallet plan to the Ivory Coast, Cameroon, Senegal, and Mali.

PayQin is definitely an alum of the Startup Wise Guys accelerator, founded in 2022 by Fabrice Amalaman and Pierre-Antoine Sesque.

Now, the company is driving financial inclusion in Africa's underbanked markets where cell phones have twice the penetration of bank accounts. The Ivory Coast, Cameroon, Senegal and Mali together represent 22 per cent of the people in West Africa and PayQin is creating a single payment area for West African countries, home to 400 million people. It's also the very first company in Francophone Africa to offer cross-border crypto payments. The organization currently has intends to open the platform to remittances from Europe, a large inflow of transactions that totalled 48 billion $ $ $ $ in Sub-Saharan Africa alone in 2022.

“We are building a safe and secure environment for online transactions, giving the unbanked access to products and online services that aren't available locally,” says Fabrice Amalaman, PayQin’s co-founder and CEO.

Corefy launches new regional office to grow presence in APAC region

Payment orchestration platform Corefy is opening a brand new regional office in in the Asia-Pacific (APAC) region using the try to expand its global coverage.

Headquartered in London, with R&D offices in Kyiv, Ukraine, Corefy was launched in 2022. After 3 years of development the organization is opening offices in Manilla in the Philippines.

“This is an important decision for our company and something more part of our global growth strategy. The APAC market is among the fastest-growing on the planet and has a favourable environment for the development of e commerce. Representation in the Philippines allows us to cover more clients and provide qualified services in new time zones,” says Chief Business Officer Den Melnykov.

With the new regional office, the company will focus attention on Singapore, Hong Kong, Australia, New Zealand, the Philippines, Indonesia, Malaysia, India, Thailand, along with other countries from the region.

Corefy's mission would be to provide a platform for just about any size of business to manage payment processes. Corefy is really a universal, feature-rich payment orchestration platform for online businesses and payment institutions.

Serbian Ethereum development platform Tenderly raises 12.9 million euros

Serbian crypto start-up Tenderly has raised 12.9 million euros (15.3 million US dollars) in a round led by Accel.

Ethereum is the second largest blockchain network after Bitcoin but it's Ethereum that has become the frontrunner for financial infrastructures such as Decentralised Finance (DeFi) and NFTs.

The founders of Tenderly have become frustrated with the how long and complexity involved in Ethereum development.

So the Tenderly platform gives prospective developers everything they might possibly need to get started. Full overview of smart contracts, a monitoring platform, a testing environment, and pre-made components that can be easily connected to development projects, in history and cash savers.

“We believe that decentralised computer networks, pioneered by Ethereum, will become among the fundamental pillars of the internet. We want to function as the driver of faster technology adoption and help set the standards for professional Ethereum development practices. The goal would be to drive innovation by reduction of developer friction and shortening the time companies need to get Dapps to promote,” says co-founder and CEO Andrej Benci'c.

Developers have previously reacted to what Tenderly is providing. Their simulation mode processes a lot more than three million transactions every day; a number larger than the entire Ethereum network.

Polish start-up Jutro Medical raises Six million for telemedicine

The Warsaw-based healthtech start-up Jutro Medical has announced a 6 million euro raise in seed funding from lead investor Inovo Venture Partners with participation from Rheingau Founders.

With their “hybrid” approach to telemedicine, Jutro Medical wishes to address the present pain points of the healthcare system. Their mobile-first platform is vertically integrated leading on digital and physical front.

Jutro Medical’s mobile app offers virtual consultations prescriptions, referrals, lab results and the capability to request medical leave online for less complex cases. When it's essential to visit a doctor in person, patients can be seen by a Jutro Medial practitioner, normally the same one they’ve been talking to online, at among the start-ups proprietary clinics.

According towards the start-up, this all happens on the same day, and patients are sparred the hassle of having to repeat their medical history over and over to a number of different doctors.

Since the very first clinic opened in 2022, the start-up has received more than 20,000 positive patient reviews with a few 30 per cent of new patients arriving through referrals. Between this past year and the first quarter of 2022, the amount of new patients grew 40 percent month on month.