SaaS solution Fintellect raises $50K from ZAS Ventures

Tallinn-based SaaS platform Fintellect raises $50K from Ukrainian ZAS Ventures. Founded in 2022 by Ukrainian entrepreneurs Yegor Walowski and Danylo Golota, Fintellect is a solution for web studios, IT companies, digital agencies, and other project-based service companies.

Fintellect’s tool provides businesses with automated analysis and forecasting using the power of open banking and an API-first structure. It helps avoid cash gaps, caused by disconnected financial tools. 

The startup's clients receive a project finance dashboard, where they can track the profitability of each project, the cost of hourly rates, cash flow statements, or instant balance. The solution integrates with banks, providing automated transaction fetch and automated exchange rates. The platform integrates with time trackers, CRM, and HRM.  

Fintellect will use the investment to strengthen its engineering team and increase traction. According to the startup, it will continue to raise funds for this round. The team has six employees.