Croatian startup Prolaz raises up to €1.3M from New Vision 3 and business angels

New Vision 3 (NV3), a leading venture capital firm in Bulgaria, has announced a significant investment in Prolaz, a pioneering Croatian company in the field of multi-acquiring Point of Sale (PoS) transaction processing. NV3 has committed to invest up to 1 million in two tranches. The remaining funding is provided by a group of private co-investors.

• Prolaz is a Dalmatia-based company set to redefine the PoS transaction acquiring with its unique B2B solution. The company supports banks and merchants by enabling faster time to market for new checkout products while reducing non-cash payment costs. 
• The company is among the first independent providers of an innovative multi-acquiring PoS solution in Eastern Europe and is the first one that successfully enter the Bulgarian market in 2022. The FinTech company is already partners with 10 of the largest banks in SEE.

This funding represents the next step in our plans to aggressively expand into multiple new EU countries while scaling up our business infrastructure to support the additional growth. The benefits of multi-acquirer processing exist in all European countries and are only now beginning to be recognized. At the same time, new hardware is enabling additional value-added software to co-exist with multi-acquiring payment applications. We are now positioned well to capitalize on these trends,

John Jager, Executive Director of Prolaz Bulgaria, comments.

• The fresh capital is coming from the New Vision 3 Fund and a cohort of undisclosed business angels. NV3 is a VC firm investing in startups and growth-stage companies who are helpful for the Bulgarian ecosystem. The fund supports founders in creating future industry trends in FinTech, AI, Blockchain, and Shared Economy.

• This investment reflects NV3’s commitment to supporting innovative solutions that revolutionize industry standards and enhance operational efficiency.