CEED Tech
CEED Tech is a consortium of five startup accelerators located in Central and Eastern Europe, specifically in Prague, Budapest, Bratislava, Tallinn, and Vilnius. Founded in 2011, CEED Tech focuses on fostering technology companies by providing tailored acceleration programs that last between three to six months. Over the years, it has successfully launched 94 technology startups, helping them secure over €5 million in seed and venture capital. Each selected startup receives initial seed financing of up to €30,000, with the potential for follow-up funding ranging from €30,000 to €250,000 based on their business viability and market potential. CEED Tech's programs are designed around the specific needs of participants, employing best practices from leading global accelerators. The project is co-funded by the European Commission and supported by private investors, who acquire 5% to 15% equity stakes in exchange for their investments.
SAVY is a peer-to-peer online lending marketplace based in Lithuania, specializing in both unsecured and secured consumer loans. The platform connects Lithuanian borrowers directly with European investors, allowing investors to lend money online and earn higher interest rates. Borrowers benefit from lower interest rates by accessing funds directly from investors, bypassing traditional banks and credit institutions. Unlike many peer-to-peer lending platforms, SAVY does not rely on deposit accounts for transactions, instead facilitating direct connections between borrowers and investors through their bank accounts. This unique approach helps the company navigate regulatory challenges in various European Union countries. Loan agreements are established directly between the parties, structured as annuities with monthly repayments, ensuring automated payment transfers to investors. SAVY's services encompass a range of loan options, including consumer loans, home loans, car loans, and business loans, providing clients with accessible financial solutions at competitive rates.
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