“Romania has consolidated its position as a world-class technology hub in the past five years,” according to the Romanian CEO of Mokka (Revo Technologies), Alexandru Balaci, who sat down with Business Review to talk about the latest fintech trends, the outlook for the Romanian startup scene in 2022, and Mokka’s plans for 2023.
What’s your outlook for the Romanian startup scene in 2022 in terms of funding opportunities and hot industries for investors?
Romania has consolidated its position as a world-class technology hub in the past five years, and this was acknowledged by the EU when Bucharest was designated to host the European Cybersecurity Competence Centre. This dynamic has a tremendous positive impact on the local startup scene, opening our market to more investment opportunities, which in turn will contribute to more growth and focused development. For example, Romania is now a top destination for outsourcing banking and fintech software development, and this will help scale startups in this lucrative area.
What are your plans for Mokka in 2023 and what are the areas that will generate growth for you?
Revo Technologies has ambitious development plans in all key markets in Central and Eastern Europe. We are in an optimal position to develop partnerships with leading merchants, e-commerce platforms and dominant payment service providers in this geography as it is our main focus. As for Romania, we intend to continue to expand our business based on our leading position in this market. The plan is to invest in building partnerships with top Romanian and international traders, which operate in Central and Eastern Europe, and to collaborate with top e-commerce payment services providers.
ABOUT REVO TECHNOLOGIES
Founded in 2012, Revo Technologies is a leading fintech company specializing in Buy Now, Pay Later services in Central and Eastern Europe (Poland, Romania) and Russia.
Operating under the Mokka brand, the company offers leading offline and online retailers an instant, paperless customer finance solution available for all sales channels.
Mokka is now available in more than 7,500 partner stores covering key areas such as fashion, footwear, children’s products, jewelry, beauty, consumer goods, electronics, sports and travel.
Revo Technologies is backed by leading technology investors including VEF, Baring Vostok Capital Markets and Castel Capital. In Romania, the Mokka service is available in stores such as Noriel, CCC, Mobexpert, Ideall, Lensa and many others.