Croatian Company Span Hints at Fintech Ambitions with Joint Project

Lauren Simmonds

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As Poslovni Dnevnik/Jadranka Dozan writes, one of the leading IT companies in the whole of the Republic of Croatia, which was listed on the Zagreb Stock Exchange seven months ago after an IPO, recently informed the investment community about the establishment of Fintech Digital Services.

According to a stock exchange announcement, the Commercial Court in Zagreb issued a decision last week on the registration of the establishment of that company.

It is a joint project that the Croatian company Span entered into with two other co-founding partners. These are two companies from Varazdin – the technology startup Identity Consortium which was launched in 2018, and the company Karfijam.

Along with Span and Identity Consortium, which hold 35 percent of the share capital each, Karfijam has the remaining 30 percent of the business share. According to the data from the Court Register, the founder of the Identity Consortium, Robert Ilijas, is also the director of this brand new company.

As a global IT group, the Croatian company Span currently provides a wide range of cloud services to its clients, as well as cyber security and support services, and more details on the profile of the newly formed fintech company and the digital transformation niches it plans to position are announced for early May.

Until more information comes out early next month, it remains to be noted that the Varazdin-based Identity Consortium boasted that it had launched the Identyum NOW web portal. Further development plans, they say, include FinCheck for electronic and automated verification of the other party’s financial parameters and even the development of a mobile application (app).

For more, make sure to check out our dedicated business section.


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