Greek startup Intale to receive a $2.5 million investment

by • October 29, 2015 • DEALSComments Off on Greek startup Intale to receive a $2.5 million investment3661

Intale, a greek company that translates market needs into scale-able and innovative tech products, serving enterprises throughout the retail, banking and market research industries, announced today a new $2.5 million investment.

These funds came from older and new investors – particularly from Alexander Rittweger, an independent entrepreneur and investor – and will be used to boost further product development and sales. PJ Tech Catalyst fund of Piraeus Bank will also participate in the investment, backing up Intale for a second time.

Fanis Koutouvelis (founder and CEO, Intale) said: “We are delighted with this new round of investment especially since as our new investor will have a decisive role in directing us to the development and successful promotion of our unique solution globally. For the moment, we are focusing exclusively on the Greek market, serving a growing customer network which is the foundation of any future international expansion.”

Mr. Rittweger noted: “Excited to support the efforts of Intale, creating a new business revolution with an excellent Software-as-a-Service (SaaS) solution that allows effective communication with the supply chain, for the benefit of all. I am impressed by what has already been achieved by Fanis and his team and look forward to further fruitful cooperation.”

Intale’s blockbuster application, i-kiosk, 40 million successful transactions later and after having 150 million revenue processed, will change its brand name to “Intale Point”.


Alexander Rittweger, Fanis Koutouvelis, FUNDING, GREECE, Intale, Piraeus Bank, PJ Tech Catalyst, Retail, Rittweger, STARTUP
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