List of Hungarian startups to watch out for in 2020

According to the data of the StartupBlink global research center, the startup-ecosystem of Hungary is ranked 39 out of 202. The most favorable conditions for startup development are created in Budapest. It has become a startup center with a huge appeal for tech entrepreneurs. So, here the list of 10 Hungary-based startups to watch out for in 2020.

  • Barion Payment provides electronic payment solutions and serves as an electronic wallet. Established in 2015, the company has raised more than $7 million investment from HomeCredit and they have roughly 5000 merchants. From these, they have an ever-growing profile database of 1M consumers already. The company wants to repeat this success in all European countries, and grow to be one of the biggest payment providers in the world.
  • HeatVentors is developing a thermal energy storage tank based on phase change material technology called HeatTANK. Established in 2017, the company is aimed to find efficient and environmentally friendly solutions for the arisen problems with thermal energy storage. The startup closed a seed round in 2018 and received funding in 2019 to boost its operations.
  • BOOKR Kids is a unique reading-based edutainment tool. The Edtech was founded by Dorka Horváth and Dani Karányi in 2015 to create original, effective digital content for children, designed to engage and delight the youngest learners in reading. Nowadays, Bookr is the leading digital publishing company of interactive books in Central Europe.
  • Rollet is simplifying parking payments. They are creating an automated payment method composed of the registration number of the car and the credit/debit card data. The parking facilities with the Rollet payment method will automatically identify the vehicle by its registration number at entry/exit and the app will calculate the expenses as well as pay the bill with the click of a button. In 2019, Rollet raised $1.1 million in seed funding from Hiventures Investment Fund and Solus Capital to expand internationally.
  • Talentuno is a recruitment crowdsourcing platform transforming the way people find jobs and companies find talents through personal networks. Founded in 2016 as a marketplace where freelance matchmakers can source candidates and refer them to free positions, in exchange for high commissions for successful recommendations. In 2019 the startup has raised $4.7 million in Series A funding to go global.
  • Conversific is an e-commerce analytics and conversion optimization SaaS tool that helps to grow your e-commerce store. It was founded in 2016 as a Business Intelligence platform aiming to analyze the data from online stores. Conversific helps brands and retailers help optimize traffic and conversion, gather better data, and grow online sales. Financially supported by Hiventures Investment Fund in 2018 and 2019, the startup reached more than 5000 e-commerce stores.
  • is is a fintech startup, offering design-driven mobile banking apps for banks with a special focus on younger customers. These solutions enable banks to engage younger generations, Millennials & GenZ customers with design-oriented digital interfaces. In February 2019, the startup closed a seed financing round.
  • NOW Technologies turns electric wheelchair control systems into a multipurpose, modular onboard platform. Founded in 2014, the startup has introduced four products: Gyroset Vigo (a wireless headset), Gyroset Glory (a proportional headset to control a computer, and drive wheelchairs with the same device), a headrest sensor; and an actuator direct controller. With $2.8 million in funding, NOW Technologies are well set to help people with disabilities live an independent life.
  • Shapr3D is a 3D modeling app for the iPad Pro that brings a revolutionary 3D modeling experience. Perfect for engineers, industrial designers, jewelry makers, 3D hobbyists, architects. Founded in 2015 by Istvan Csanady, the startup has raised $7.8 million to expand internationally.
  • Seon strives to help online businesses reduce the costs, time, and challenges faced due to fraud. Seon offers an intelligence tool, able to provide a complete user profile, flag fraudsters by simply entering an email address, IP, phone number, or location in the browser extension. Founded in 2015 by Bence Jendruszak and Tamas Kadar, Seon has raised $710K in investment so far.