About Fitek
Fitek is a company based in Tallinn (Estonia) founded in 1995 was acquired by BaltCap in July 2024. Fitek operates in a competitive market with competitors including Intuit, Visma, Clear, Wave and Xero, among others.
- Latest Funding Round$124.65K (USD), Grant
Feb 2020
- InvestorsUnifiedpost Group
& 2 more
- Acquired by
Apps and channels of Fitek
Fitek publishes 1 mobile app; its YouTube channel Fitek has 26 subscribers.
Funding Insights of Fitek
- Total Rounds 2
- Last Round Grant — $124,652
- First Round $463,020
(Nov 2018)
- Investors Count 1
All 2 funding rounds of Fitek with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2020 | $124,652 | Grant | – | – | |
| Nov 2018 | $463,020 | Grant | – | – |
3 investors in total: 3 institutional.
Investors in Fitek
Fitek has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Unifiedpost Group, European Union and BaltCap.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are directed at Baltic and Polish opportunities. | – | baltcap.com | Tallinn, Estonia | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Invoice payment and acceptance solutions are offered to businesses. | 2001 | unifiedpostgroup.com | La Hulpe, Belgium |
Investor details for Fitek
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Fitek
1 people are tracked at Fitek (1 in leadership).
| Name | Role | Group |
|---|---|---|
Mait Sooaru | Chief Executive Officer | Leadership |
Complete people profiles for Fitek
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Fitek
5 dated milestones of Fitek across 29 years, from founding to its latest funding, stage changes and deals.
- Founded Fitek is founded.
- Funding First funding round of $463K.
- Exit Acquired by Unifiedpost Group.
- Funding Latest funding round, Grant, of $125K.
- Exit Acquired by BaltCap.
Competitors of Fitek
Fitek operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intuit, Visma, Clear, Wave and Xero, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| intuit.com | 1983 | Mountain View, United States | $49.62M | 18,800 | Financial and accounting software is developed for businesses and individuals. | |
| visma.com | 1996 | Oslo, Norway | $198.09M | – | Cloud-based ERP software is provided for business management across segments. | |
| clear.in | 2011 | Bengaluru, India | $140.42M | – | Technology-enabled accounting and finance solutions are offered for SMBs. | |
| waveapps.com | 2010 | Toronto, Canada | $82.4M | – | Web-based accounting software is offered for business use. | |
| xero.com | 2006 | Wellington, New Zealand | – | 347 | Cloud-based accounting and payment management is offered for small businesses. | |
| freshbooks.com | 2003 | Toronto, Canada | $153.75M | 613 | Cloud-based invoicing and accounting software is offered for businesses. | |
| freeagent.com | 2007 | Edinburgh, United Kingdom | $21.89M | 264 | Cloud-based accounting software is provided for small businesses and freelancers. | |
| found.com | 2019 | San Francisco, United States | $118.75M | 35 | Accounting and bookkeeping solutions are provided for small businesses. | |
| pennylane.com | 2020 | Paris, France | $237.4M | – | Cloud-based accounting and financial management solutions are provided for businesses. |
Detailed competitors of Fitek
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Fitek
The website of Fitek (fitek.com) receives about 56K visits a month.
- Monthly visits56K
▲ 42.9% vs previous month
Websites whose visitors overlap most with Fitek. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
riigitootaja.ee | riigitootaja.ee | 100% | – | #505,905 | – |
teatmik.ee | teatmik.ee | 99% | – | #69,937 | – |
inforegister.ee | inforegister.ee | 97% | – | #70,970 | – |
| aripaev.ee | 84% | 721.7K | #83,676 | View details | |
chatgpt.com | chatgpt.com | 30% | – | #6 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Fitek
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Fitek
Complete news archive for Fitek
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Fitek
10 companies that operate in the same segment as Fitek (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Fitek
Fitek was founded in 1995 and raised its 1st funding round 23 years after it was founded.
Fitek is headquartered in Tallinn, Estonia.
Fitek was founded in 1995 in Tallinn, Estonia, and operates within the financial software sector. Cloud-based tools are provided for tracking financial records, managing payments, and facilitating working capital financing. Additional services include data conversion, generation of sales invoices, invoice display and sorting across channels, and delivery of invoices to users. Operations focus on streamlining business accounting processes through digital platforms.
Fitek has 3 investors. Key investors include Unifiedpost Group, European Union, and BaltCap.
Fitek operates through Fitek Holding Oü.
Yes. Fitek was acquired by BaltCap in July 2024.
Yes. Fitek publishes Fitek-In.