The investment company JR Holding ASI has signed an investment agreement with Mindento (the owner of the Travel & Expense processes automation solution), under which it will take up 11.1% of shares in the company for PLN 1.5 million, JR Holding reported. “The contract signed today means that a new significant investor will join the company, which will allow for the intensification of Mindento's development. JRH's commitment is especially valuable to us, as it opens the door to the ecosystem of B2B suppliers and recipients, whose participants are the natural place for the development of our business. We intend to spend the funds obtained thanks to the JRH investment primarily on further foreign expansion and integration of the application with payment card systems, ”said Jarosław Tkaczyk, CEO of Mindento, quoted in the announcement. The idea behind Mindento was to create a fully electronic solution that would automate Travel & Expense processes and bring real savings. The company achieved this, guided from the very beginning by the possibilities offered by digitization and automation, while applying an end-to-end / all-in-one approach, emphasized. The company indicates that it uses technologically advanced reservation systems, integrating them with payment operators as well as financial, accounting and human resources systems. Mindento's solution includes algorithms that automate tasks at every stage. “Mindento is another company from the digital business sector that joins the JRH portfolio. I am convinced that my innovative solution will be widely used by customers. At the same time, the company enriches our investment portfolio, in which synergies between individual entrepreneurs appear more and more often, which helps us to support companies not only with capital, but also thanks to cooperation between JRH portfolio companies ”- summarized the president of JR Holding, January Ciszewski. Source
You must be logged in to post a comment.