3 FinTech companies based in Croatia

By Joy Dumasia

FinTech refers to software and other modern technologies used by businesses that offer automated and enhanced financial services. FinTech in our daily life is mobile payment apps, cryptocurrency and blockchain like Bitcoin and Gemini. In the future, the range of FinTech services is predicted to transform the market even more with AI and machine learning and will make FinTech products an integral part of our digitized lives.

FinTech’s role in society is becoming more important than ever, mainly due to Covid-19. FinTech can be used anywhere, by anyone which means it becomes accessible to people who may never have used financial services before. Through access to essential financial services such as mobile money and e-wallets, FinTech companies help lift people out of poverty and create a more financially inclusive world.

FinTech companies are driving real change for both consumers and businesses. The fragmentation of financial services allows FinTech start-ups and scaleups to offer more efficient and streamlined offerings and disrupt traditional banking, payment and lending services.

The following are 3 FinTech companies based in Croatia:

Founded in 2021, Nous Systems is a European blockchain startup pioneering the use of non-fungible smart contracts to provide a decentralized network of investors with automated asset management services. Nous Systems is on a mission to build the world’s first decentralized hedge fund – promoting equal access to asset management and breaking down the wealth gap.

IBS Intelligence also reported that Nous Systems announced the successful launch of its decentralized investment platform Nous Fund, which is now live on the Polygon Network. As the world’s first decentralized hedge fund built using blockchain technology, Nous Fund allows investors to mint their non-fungible contracts and participate directly in Nous’ on-chain decentralized asset management vehicle on the Ethereum-based Polygon platform.

Amodo is an insurance company, the Amodo Connected Insurance Platform enables insurance companies to create and broker to place hyper-personalized usage-based insurance (UBI) products on the market. Amodo customers use their platform to gain strategic insight into customers’ profiles, segment them into relevant groups and acquire profitable leads. Over the past nine years, this European insurance company has launched close to 50 Connected Insurance projects worldwide with some companies such as AIG, Porsche Insurance, UNIQA and many others.

IBS Intelligence also reported that YAS MicroInsurance (YAS), blockchain frontier insurance, is teaming up with Amodo, a telematics InsurTech company, to deliver autonomous insurance on the chain. This collaboration symbolizes the new age of insurance against the backdrop of smart cities.

Oradian is a financial inclusion company that serves financial institutions in remote, hard-to-reach communities. Oradian offers a cloud-based toolset that smart financial institutions connect to access best practices and efficiencies. Oradian is headquartered in Zagreb (Croatia) with offices in Lagos (Nigeria) and Manila (Philippines).

Instafin is a cloud-based core banking system that even the smallest financial institutions can afford to use and grows as they grow. In close collaboration with its partners, Oradian is always improving Instafin to ensure that it keeps pace with customers’ changing needs and priorities.

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