Local startups Marketizator and SymphoPay have attracted financing of EUR 1.5 million from the investment fund Catalyst Romania, respectively Gecad Group.

Marketizator provides solutions for optimizing online marketing processes whereas SymphoPay extends the functions provided by card payment terminals.

Marketizator has received EUR 1 million from Catalyst Romania. It will mostly use the money to develop its IT platform, as well as for its promotion abroad, said Valentin Radu, Marketizator CEO, reports local Ziarul Financiar.

SymphoPay got EUR 0.5 million from Romanian investor Radu Georgescu’s Gecad Group. The startup, which has been cofounded by Daniel Nicolescu, tries to develop a smart terminal for card payments in shops. This will allow retailers to collect and analyze data about customers and launch marketing campaigns.

editor@romania-insider.com