Tbilisi-based fintech PAYZE develops an online payment system for e-commerce to help businesses to accept payments from around the world through a single integration. It has already made 250,000 online payments in nine months.
Founded: in 2019 by Giorgi Tsurtsumia and Kakha Gelashvili, starting operating in January 2021.
Headquartered in Tbilisi, UPWAY is the first marketplace in Georgia that provides courses and programs from different providers in six major categories: technology, professional development, various classes for kids, life and self-improvement skills, hobby. The platform is operating in the Georgian market only.
Founded: in August 2021 by Mari Abuladze, Mariam Tsanava and Marisha Gogolauri.
The startup develops a digital platform that helps educational organizations improve the tuition payment process. EduPay’s billing software fully automates the tuition tracking and management process — from signing agreements with customers in an online system to receiving information on bank details of companies for making payments.
Founded: in 2020 by Alexander Chogovadze, George Khachidze, Kristofer Gvenetadze.
Funding: $94,000 pre-seed round closed in July 2021.
Kvalifika is an AI-based technology startup based that offers businesses self-service of customer identification and verification. Its product portfolio includes liveness and age check, documents verification, and e-signatures. Kvalifika’s solution is now used by more than 20 organizations which makes it the largest service provider in the region.
Founded: in 2019 by Gabriel Meliva and Beka Tomashvili.
Funding: $210,000 (650,000 lari) grant from GITA in November 2021.
Tbilisi-based Pevaton develops a B2B platform that connects Eastern European brands, designers, and European fashion boutiques. It helps Georgian and Eastern European small brands and designers to enter the EU market.
Founded: in February 2021 by Levan Asanidze.
Funding: over $32,000 (100,000 lari) grant from GITA in February 2021.