Georgia – news, business updates, and tech insights from the region

06.07.22

How Georgian fintech conquers Indian and Philippine markets. Interview with Kernel co-founder

Kernel is a Tbilisi-based developer of a platform with invoicing and financial tools for small businesses and freelancers. This fintech startup has already acquired more than 45,000 users in Georgia, the Philippines, and India. At the beginning of June, Kernel raised $30,000

02.06.22

Georgian fintech Kernel raises $30K at Shark Tank show

The Tbilisi-based fintech Kernel has raised $30,000 at Shark Tank, a popular pitch show in the US. The funding will allow the startup to grow in the Philippine and Indian markets, Caucasus Business Week reports. Founded in 2019 by Beka Dalakishvili, Misho Zghuladze,

16.05.22

Georgian freight forwarding startup OMOFOX raises $700K pre-seed round

The Tbilisi-based digital freight forwarding startup OMOFOX has raised a $700,000 pre-seed investment. The European venture capital fund Presto Ventures led the round. Founded in 2020 by Kakhaber Kochiashvili, Makho Kituashvili, and Vakho Romanovi, OMOFOX is a full-service digital freight

17.01.22

Identomat nabs $3.2M. It is the largest seed round raised by Georgian-founded startup

Identomat, a provider of AI-powered KYC and identity verification solutions, has closed a $3.2 seed round — the largest seed round in the history of Georgian-founded startups. It was fully funded by US-based institutional investors that, among other areas, focus

20.12.21

Georgian innovative startups to follow in 2022

Caucasus Business Week has created a selection of innovative Georgia-based startups that began operating in 2021 and showed good results despite the pandemic. AIN.UA publishes the short list of them. Payze Tbilisi-based fintech PAYZE develops an online payment system for