Fitek, a financial technologies company operating in the Baltics, has purchased Slovakia’s financial technologies company SmartPost.
“In Slovakia, automated electronic account management solutions are only breaking new ground, we see an enormous growth potential on the market. We believe we can efficiently use our experience and solutions, which have helped us become the market leaders in the Baltics. The acquisition will also open doors to provision of services in the neighboring markets of the Czech Republic, Austria and Hungary,” the group’s board chairman Mait Sooaru said in a press release.
The value of the deal has not been disclosed. Last year, SmartPost turnover stood at over 1 million euros.
Until the beginning of 2016, Fitek group was known as OpusCapita. The group is owned by private equity company BaltCap.