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Estonia’s Fitek bought by Belgium’s UnifiedPost, creating one of the biggest FinTech companies in Europe

BaltCap Private Equity Funds sold Estonia's financial automation company Fitek to Belgium's UnifiedPost.

As a result, the annual revenue of UnifiedPost will grow to 60 MEUR and its number of employees to 600, Äripäev reports. Services will be offered in 12 countries.

Fitek is one of the market leaders in financial automation processes that aims at lowering the costs of customers by optimizing and accelerating their financial processes. The company operates in Estonia, Latvia, Lithuania, the UK, Slovakia, the Czech Republic, Serbia and Bosnia and Herzegovina and employs more than 240 people.

Fitek was acquired by BaltCap Private Equity Funds in 2015.

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