Startup Wise Guys

MonaTek, founded in 2018 and based in Riga, Latvia, specializes in energy management systems for real estate and industrial facilities. The company develops a comprehensive software platform designed to monitor and track energy consumption. Utilizing modular hardware and software components, MonaTek's Internet of Things (IoT) system aggregates and analyzes data from various sources, including sensors, smart meters, air quality monitors, and industrial controllers. This integrated approach allows users to efficiently streamline their energy monitoring processes, ultimately promoting better resource management and energy efficiency.

Okredo is an open data platform that specializes in providing data and insights aimed at enhancing sales and mitigating credit risk. The platform aggregates and analyzes information from various sources, including financial reports and credit ratings, to deliver insights on creditworthiness, such as scores and limits. This enables businesses to make informed decisions regarding collaborations and investments. Okredo offers both freemium and premium services, catering to different user needs. While the company currently operates in Lithuania, it is in the process of expanding its services to Latvia, Poland, the UK, and other countries in Europe.

Jeff is a personalized loan broker that connects borrowers with lenders by utilizing alternative data to assess creditworthiness. Founded in 2019 and based in Riga, Latvia, Jeff aims to provide financial services to the unbanked population who lack traditional credit histories. By gathering data from various digital sources such as smartphones, social media, and geolocation, Jeff creates innovative solutions to evaluate potential borrowers’ credit profiles. The company’s platform allows users to search, compare, and secure loan offers conveniently while also offering loan-related advice. Through its unique approach, Jeff fosters access to financing and aims to establish a new standard for alternative credit scoring.

Jeff is a personalized loan broker that connects borrowers with lenders by utilizing alternative data to assess creditworthiness. Founded in 2019 and based in Riga, Latvia, Jeff aims to provide financial services to the unbanked population who lack traditional credit histories. By gathering data from various digital sources such as smartphones, social media, and geolocation, Jeff creates innovative solutions to evaluate potential borrowers’ credit profiles. The company’s platform allows users to search, compare, and secure loan offers conveniently while also offering loan-related advice. Through its unique approach, Jeff fosters access to financing and aims to establish a new standard for alternative credit scoring.

Okredo is an open data platform that specializes in providing data and insights aimed at enhancing sales and mitigating credit risk. The platform aggregates and analyzes information from various sources, including financial reports and credit ratings, to deliver insights on creditworthiness, such as scores and limits. This enables businesses to make informed decisions regarding collaborations and investments. Okredo offers both freemium and premium services, catering to different user needs. While the company currently operates in Lithuania, it is in the process of expanding its services to Latvia, Poland, the UK, and other countries in Europe.

OROCON is a developer of specialized construction site management software aimed at helping construction companies and real estate developers streamline their operations. The platform offers a centralized dashboard that consolidates information for efficient online planning, scheduling, and financial management. It also includes communication tools that facilitate coordination among subcontractors and stakeholders, thereby enhancing project execution. OROCON has completed proof of concept with Latvian companies and is experiencing interest in its services from other EU countries as it prepares for expansion. The software is designed to address operational challenges within the construction industry, enabling clients to effectively manage their projects and increase profitability.

OROCON is a developer of specialized construction site management software aimed at helping construction companies and real estate developers streamline their operations. The platform offers a centralized dashboard that consolidates information for efficient online planning, scheduling, and financial management. It also includes communication tools that facilitate coordination among subcontractors and stakeholders, thereby enhancing project execution. OROCON has completed proof of concept with Latvian companies and is experiencing interest in its services from other EU countries as it prepares for expansion. The software is designed to address operational challenges within the construction industry, enabling clients to effectively manage their projects and increase profitability.

Motivio Ltd is an HR-tech company based in Latvia, founded in 2017. It specializes in enhancing employee engagement and satisfaction through its digital tools. The company's primary offerings include Wiserstate, a guided personal development and problem-solving coaching platform, and Motivio Meals, a mobile application that provides employee benefits such as meal and gym vouchers in digital form. The app also facilitates various engagement features, including micro team building, lunch quests, and socializing over meals, all designed to attract and retain millennial talent. By leveraging technology, Motivio aims to effectively engage the next generation of employees and improve workplace culture.

OROCON is a developer of specialized construction site management software aimed at helping construction companies and real estate developers streamline their operations. The platform offers a centralized dashboard that consolidates information for efficient online planning, scheduling, and financial management. It also includes communication tools that facilitate coordination among subcontractors and stakeholders, thereby enhancing project execution. OROCON has completed proof of concept with Latvian companies and is experiencing interest in its services from other EU countries as it prepares for expansion. The software is designed to address operational challenges within the construction industry, enabling clients to effectively manage their projects and increase profitability.