RASK advised the start-up company Balance on securing €300,000

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RASK advised the start-up company Balance on securing €300,000

At the end of the year, RASK's partner Timo Kullerkupp advised the start-up company Bilance in raising an investment of €300,000. This is an important step for the company, not only for international growth, but also to expand the technical team, allowing for continued innovation and service improvement.

Inflation, rising interest rates and taxes have forced people to look for ways to manage their money better. According to Specialist VC partner Kaspar Hanni, the value of Bilance has become especially clear in today's economic environment, where the application that simplifies the personal financial overview is becoming more and more important.

Lack of financial literacy is a problem not only faced by Estonia, but the whole of Europe and the world. Balance is actively trying to solve this very problem by providing users with an AI-powered mobile application. This app automatically tracks spending habits and helps users take steps to improve them. The Balance application is securely compatible with over 1,000 banks across Europe, including all major banks in Estonia.