Startup Wise Guys

Startup Wise Guys, founded in 2012 and based in Tallinn, Estonia, is a prominent early-stage investor and accelerator in the Central and Eastern European (CEE) region and the Nordics. The organization has accelerated over 165 startups, primarily in B2B SaaS, fintech, and cybersecurity, achieving a startup survival and success rate exceeding 77%. Its intensive three-month accelerator program focuses on product validation, development, and sales to business customers, supported by a network of over 200 international and local mentors. The program culminates in Demo Days and major tech events where startups present their ventures to potential investors. Additionally, participants gain access to an alumni community of more than 145 startups across 40 countries and exclusive alumni events centered on business development and fundraising. Startup Wise Guys also manages dedicated funds targeting various sectors, including an Africa Fund that invests in fintech, health tech, and digital SaaS, among others.

Alexandra Balkova

Partner, Head of Portfolio

Gunce Onur

Venture Partner Turkey

Attila Hudecz

Managing Director, Sustainability

Franziska Kolk

General Partner, Africa

Andrea T. Orlando

Partner

Günce Önür

General Partner, Challenger II

Past deals in Accounting

Finmap

Seed Round in 2022
Finmap is financial management tool that allows business owners to see the state of their company without special knowledge of finance and studying of complex systems. By using 3 simple buttons - income, outcome and transfer - all analytics appears in a few clicks at a glance: how much the company earned, which projects more profitable, a statement of cash flows, accounts receivable and payable of the company. Finmap makes it possible to see the business situation on one sheet, removes chaos in financial management and gives the business owner the opportunity to make the right decisions

Finmap

Seed Round in 2021
Finmap is financial management tool that allows business owners to see the state of their company without special knowledge of finance and studying of complex systems. By using 3 simple buttons - income, outcome and transfer - all analytics appears in a few clicks at a glance: how much the company earned, which projects more profitable, a statement of cash flows, accounts receivable and payable of the company. Finmap makes it possible to see the business situation on one sheet, removes chaos in financial management and gives the business owner the opportunity to make the right decisions

Finmap

Pre Seed Round in 2021
Finmap is financial management tool that allows business owners to see the state of their company without special knowledge of finance and studying of complex systems. By using 3 simple buttons - income, outcome and transfer - all analytics appears in a few clicks at a glance: how much the company earned, which projects more profitable, a statement of cash flows, accounts receivable and payable of the company. Finmap makes it possible to see the business situation on one sheet, removes chaos in financial management and gives the business owner the opportunity to make the right decisions

Spenfi

Pre Seed Round in 2020
Spenfi, developed by UAB Haslle, specializes in spending and expense management software solutions designed for business-to-business applications. Established in 2019 and headquartered in Vilnius, Lithuania, the company offers a comprehensive platform that integrates various financial processes, including business travel expenses, administrative expenditures, subscription management, and invoice processing. Spenfi aims to enhance financial control for organizations by enabling finance teams to track purchases from order to payment, manage vendor payments, and automate expense reporting. The software also supports onboarding, purchase approvals, and provides real-time analysis, thereby streamlining operations and reducing the time spent on repetitive tasks. With its capabilities, Spenfi helps companies define custom budgets and efficiently manage payments, ensuring a more organized approach to financial management.

Spenfi

Pre Seed Round in 2019
Spenfi, developed by UAB Haslle, specializes in spending and expense management software solutions designed for business-to-business applications. Established in 2019 and headquartered in Vilnius, Lithuania, the company offers a comprehensive platform that integrates various financial processes, including business travel expenses, administrative expenditures, subscription management, and invoice processing. Spenfi aims to enhance financial control for organizations by enabling finance teams to track purchases from order to payment, manage vendor payments, and automate expense reporting. The software also supports onboarding, purchase approvals, and provides real-time analysis, thereby streamlining operations and reducing the time spent on repetitive tasks. With its capabilities, Spenfi helps companies define custom budgets and efficiently manage payments, ensuring a more organized approach to financial management.

CostPocket

Pre Seed Round in 2018
CostPocket is an accountancy startup founded in 2016 and headquartered in Tallinn, Estonia. The company specializes in expense management software that streamlines the process of receipt handling for accountants and their clients. By automating business expense entry and eliminating the need for a paper trail, CostPocket significantly reduces the administrative workload associated with receipt management. This innovative approach not only eases workflow but also allows accountants to save up to 75% of the time they typically spend on processing receipts. As a result, clients benefit from a faster and more efficient method of delivering their receipts.
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