Estonian fintech platform Reiterate raises €1.25M

The Tallinn-based fintech startup Reiterate has raised €1.25 million from Hummingbird Ventures. It aims to automate cost and revenue intelligence for transactional businesses, Tech.eu reports.

• Founded by the engineering-sales duo Jonathan Samuel and Jaan-Aaron Vahlberg, Reiterate develops a platform that visualises complex pricing models and tracks performance to automatically detect charging errors.

“We want to provide a simple solution to eliminate over- and undercharging and help the people caught in these stressful processes. The product is focussing on fast-growing fintech and transactional companies that outsource their payment services,”

Reiterate CEO and co-founder Jonathan Samuel explains.

• Hummingbird Ventures led the funding round. It is a venture capital partner focusing on tech companies, including Deliveroo, Showpad, and Kraken. Notable private investors, such as co-founders of Showpad and former Skype, Pipedrive, and Veriff executives, also participated in the investment.
• The fresh funds will allow Reiterate to grow its global engineering and product team. The startup is also planning to improve client onboarding and grow traction in the UK and across Europe.