Practica Capital
Practica Capital UAB is a venture capital firm based in Vilnius, Lithuania, founded in 2011. It specializes in investments across various stages, including incubation, seed, early venture, and growth capital, primarily targeting technology-driven micro, small, and medium-sized enterprises. The firm invests in companies located in the Baltic region—Lithuania, Latvia, and Estonia—as well as in Nordic countries and select European markets. Practica Capital typically invests between €0.003 million and €3 million, focusing on equity and quasi-equity instruments while aiming for a minority stake in its portfolio companies. The firm actively engages with its investments by offering guidance and often taking board seats. Practica Capital seeks to exit its investments within two to five years through various means, including trade sales, IPOs, or refinancing. Currently managing €50 million across multiple funds, it has made over 50 investments and continues to be a prominent player in the Baltic venture capital landscape.
Montonio Finance OÜ, founded in 2018 and based in Tallinn, Estonia, operates as a point-of-sale financing aggregator that leverages open banking to enhance credit efficiency and transparency. The company's platform simplifies the application process for hire purchase both online and in physical stores, helping merchants reduce lost sales and save time on service. Montonio's software integrates various payment methods and offers tools for refunds and shipping, allowing online merchants to streamline their operations and increase revenue through a unified dashboard. By focusing on creating a seamless experience for both merchants and customers, Montonio aims to improve the overall efficiency of credit intermediation services.
Montonio Finance OÜ, founded in 2018 and based in Tallinn, Estonia, operates as a point-of-sale financing aggregator that leverages open banking to enhance credit efficiency and transparency. The company's platform simplifies the application process for hire purchase both online and in physical stores, helping merchants reduce lost sales and save time on service. Montonio's software integrates various payment methods and offers tools for refunds and shipping, allowing online merchants to streamline their operations and increase revenue through a unified dashboard. By focusing on creating a seamless experience for both merchants and customers, Montonio aims to improve the overall efficiency of credit intermediation services.
UAB Mobassurance is a technology-driven financial products distributor based in Vilnius, Lithuania, with an additional location in Riga, Latvia. The company focuses on developing and implementing mobassurance business models in collaboration with mobile network operators both locally and internationally. These models encompass various insurance products, including on-demand travel insurance, bill protection, and device insurance. By leveraging mobile operators' existing infrastructure, such as SMS gateways and billing systems, Mobassurance facilitates the distribution of insurance products and integrates insurance risk carriers into the process. The company offers its technology platform as a Software as a Service solution, allowing mobile operators to enhance their value-added services while providing new sales channels for the insurance industry. With a team experienced in finance and technology, Mobassurance aims to innovate the way insurance is sold and accessed, ultimately benefiting all parties involved.
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