Nestled in the centre of Europe is the beautiful country of Slovenia. Found in between Italy, Croatia, Hungary, Austria and the Adriatic Sea, Slovenia’s diverse landscapes include the European Alps, the karstic Dinaric Alps, the Pannonian and Danubian lowlands and hills, and the Mediterranean coast. Its rich history gives way to colourful festivals, picturesque architecture, delicious traditional dishes like dumplings, and Slovenian wine.
Among this beautiful cultural site you will also find a small but bustling entrepreneurial scene. Startups here get access to a range of startup programmes taking them from idea to business, a modest but buzzing events system, a well educated and ambitious talent pool, public funds like the Slovene Enterprise fund, and supportive independent organisations like Startup Slovenia.
Zooming into an analysis of Slovenian startups, here are the teams founded in the past 3 years, and working on innovative solutions, that we will be watching in 2021.
Eligma – Founded in 2017, fintech startup Eligma creates payment infrastructures for accepting instant crypto payments at local and online stores, through its crypto payment network called Go Crypto. The company’s aim? To become a global facilitator of seamless and secure crypto payments, and wants to make an impact on how the world perceives value. In January 2021, the team raised €4 million to expand its crypto payment network further.
Hiveterminal – This peer-to-peer invoice financing platform was founded in 2017, and is already used by 4000 small businesses internationally. Its solution allows companies to avoid waiting 30, 60, or even 90 days for their invoices to get paid. How does it work? Billed as financing instead of borrowing, the user sells their invoice on the platform, which is picked up and financed by the Hiveterminals global investor pool.
Tolar hashNET – Based in Ljubljana, this startup is a community governed crypto-currency featuring scalable, fast, secure, and fair transactions. Founded in 2017, the startup promises security, transparency, and planet friendly activities, as well as speed. For example, the team states that HashNET is built to support over 200,000 transactions per second, compared to Bitcoin, which can manage 7 transactions per second.
Geton Ecosystem – Founded in 2018, GetOn ensures that startup investments are transparent and efficient. What does that mean exactly? GetOn provides investors in blockchain companies with controlled and free monitoring and management of their investments, in a secure and transparent environment. In 2020, the team were busy indeed, having hosted the third blockchain conference in Ljubljana, Slovenia, as well as establishing the GetonHealth Blockchain Corporation, and launching GetonGold, GetonVIP and GetonGlobal.
Blocksquare – An awardwinning Ljubljana–based team is behind one of the world’s leading blockchain-based real estate tokenization systems. The startup is developing a state-of-the-art system in close co-operation with Medius — the leading provider of enterprise software solutions in the region. Their mission is to power 100s of platforms across the globe, connecting investors to real estate opportunities in their region.
Agilicity – Founded in 2017, the AgiliCity team has developed a solution for architects, designers and planners to create more urban design options in less time. Its solution, called Modelur, is an easy-to-use, yet powerful parametric urban design software tool, developed to help users quickly create conceptual urban massing. It calculates parameters on the fly, delivering important information while design is still evolving, helping to inform well-informed decision making. In 2020, the team landed around €100K in funding.
0xcert – Founded in 2017, 0xcert is an open source, permissionless protocol for validating the existence, authenticity and ownership of digital assets on the blockchain. How does it it work? Once the issuer (e.g. University, company, KYC) wants to issue a decentralized proof of a digital asset (e.g. certificate, badge, ID), it interacts with the 0xcert protocol to generate a certificate imprint and place it into the holder’s wallet.
CargoX – The CargoX blockchain document transfer platform gives usersan easy way to upload documents, and also provides the tools for secure and instant transactions of those documents. Founded in 2017, the startup uses the neutral, public Ethereum blockchain, and also now allows its users to transfer the actual ownership of the documents that are being sent via their platform.
Paywiser – Spread between Ljubljana and London, this startup delivers multi-functional, user-friendly payment solutions, supported by robust and dynamic security systems. Designed for any size business, Paywiser (founded in 2017) is on a mission to transform the B2B payments industry with solutions that simplify how businesses send and receive money.
ICONOMI – If you are a beginner taking your first steps in the crypto-economy, then ICONOMI is for you. Founded in 2016, this startup has created a solution that allows users to invest in a variety of cryptocurrencies with one click. With offices between Slovenia and the UK, and run by professionals with years of experience in the financial and blockchain field, ICONOMI is well positioned to help users purchase leading cryptocurrencies like bitcoin, ether, and ripple directly with euro.
By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!