Greek startup Intale to receive a $2.5 million investment

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”.