Gecad Ventures invests in Smart Bill

Bucharest, March 9, 2016. Smart Bill, Romanian provider of billing solutions and SaaS services, has secured a EUR 1 million investment from Gecad Ventures and Catalyst Romania. 

Smart Bill has been advised by Gecad since 2013 and the raised round will be used for the development of the company.

This investment gives the company the fuel it needs to further develop and reach its objective to enter new emerging markets. Smart Bill will grow exponentially in the upcoming period; this is why we will actively support the company’s ambitious business plans.  In the past, they have showed the utmost professionalism and courage in assuming ground-braking decisions“, mentioned Radu Georgescu, Founding Partner Gecad Ventures.

Launched in 2007 by a group of three Romanian entrepreneurs: Ioana Hasan, Radu Hasan and Mircea Căpățână, Smart Bill is the leading solution in the local billing market. The company serves over 33,000 clients which issue over 1 million bills each month, worth more than EUR 2 billion yearly.

From 2014, the company’s solutions are also cloud integrated, offering permanent and independent access to a large number of active users simultaneously. The Smart Bill platform is accessible from multiple mobile devices (smartphones and tables), allowing interconnectivity with other technologies, while users benefit from highest security standard.