Vestra in Romania invests 180,000 euros in cash flow analysis start-up ThinkOut
BUCHAREST, Romania, Aug.24 (SeeNews) – Romanian automation and utility and equipment provider Vestra said on Tuesday it had invested 180,000 euros ($ 211,038) in the local analytics platform and ThinkOut Cash Flow Planning.
Vestra’s decision to invest in the ThinkOut platform was primarily based on the growing need to digitize and automate processes within small and medium-sized businesses, he said in a press release.
“This investment, an example of a ‘Win-Win’ partnership, shows that when there is vision and determination, there is no obstacle to the realization of a performance-oriented partnership between a start-up and a cluster specialized in industry, familiar with the latest technologies and models of process automation, ”said Vlad Iftime, Managing Partner of Vestra.
“We hope to identify a positive impact of the platform on the European market and make ThinkOut a Romanian company connected to the economy of Central and Eastern Europe. We are also counting on the consolidation of partnerships in Romania, Hungary and Poland.
Vestra has been providing equipment and services to the utility and automation industry for 25 years. The company implements projects focused on utilities and smart meters via SMART type communications while contributing to the protection of the environment impacted by climate change.
Founded in 2016 in the northeastern city of Iasi, ThinkOut is a dedicated cash flow analysis platform for small and medium businesses. The platform offers a real-time view of the performance of companies and a good understanding of the future from the history of transactions on bank accounts.
($ = 0.8529 euros)