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Top startups in Montenegro

There are 1,162 startups in Montenegro which include Electricity, Cake, AMarkets, Magency, Twinme. Out of these, 193 startups are funded, with 7 having secured Series A+ funding. Utilities ($36.7M) and K-12 EdTech ($28.1M) are the top-funded sectors in Montenegro, with over 16 companies, including Ula and CEDIS. In the last five years, 35 companies raised over $111M in funding across 40 rounds.

Here is the list of top startups in Montenegro

Provider of digital and physical payment channels for electricity bills. It enables households and businesses to settle utility charges via e-billing portals, bank integrations, ATMs, postal counters, and standing orders across Montenegro. It facilitates seamless bill settlements for residential, commercial, and industrial consumers.

Key facts about Electricity

  • Founded Year: 1910
  • Location: Montenegro
  • Stage: Unfunded
  • Tracxn Score: 52/100 What is this?
  • Competitors Rank: 21 of 1,684 Competitors

2. Cake

Platform focused on connecting global talent with job opportunities. It is a global talent network that connects job seekers with job opportunities, allowing users to create resumes, portfolios, and job applications. The platform facilitate the job search process and provide a range of tools and resources to users.

Key facts about Cake

  • Founded Year: 2016
  • Location: Montenegro
  • Stage: Series A
  • Total Funding till date: $5.9M
  • Investors: Mynavi
  • Latest Funding Round: Series A, Aug 23, 2023, $*****
  • Tracxn Score: 49/100 What is this?
  • Competitors Rank: 9 of 1,865 Competitors
AMarkets provides an online trading platform for forex, CFDs, indices, cryptocurrencies, and metals trading to investors. Offers MT4 and MT5 trading platforms for desktop and mobile-based trading.

Key facts about AMarkets

  • Founded Year: 2007
  • Location: Podgorica (Montenegro)
  • Stage: Unfunded
  • Tracxn Score: 48/100 What is this?
  • Competitors Rank: 109 of 1,415 Competitors
Magency provides SaaS-based solutions for corporate learning, seminars, and events. Its app-based products facilitate engagement and collaboration in training, events, workshops, meetings, and more. Its corporate training app enables collaborative learning, documentation, assessment, and more. In seminars and workshops, it facilitates trainee engagement through real-time response systems and activities, collaborative learning, integration of gamification into training, digitizing training material, hosting learning material on the cloud, tracking trainee progress, performance reporting and more. The company currently has offices in New York, Paris, Madrid, and Tokyo, with clients including P&G, Nissan, BNP, Toyota, and others.

Key facts about Magency

Twinme is a P2P messaging and calling app that allows users to communicate with friends and family on an encrypted platform. Using WebRTC open source technology, the app provides a real-time multimedia messaging system. Allows users to add contacts through QR codes that can be shared through text message, email, etc. Offers a customizable interface that enables users to control his privacy settings pertaining to each contact individually. Allows users to make free video calls and voice calls over the internet. Enables users to delete conversations from the recipients' devices. Registration is not required to use this app. Part of Ecole Centrale Paris Incubator. The app is available for iOS and Android. It is free to download.

Key facts about Twinme

  • Founded Year: 2013
  • Location: Montenegro
  • Stage: Unfunded
  • Tracxn Score: 43/100 What is this?
  • Competitors Rank: 31 of 837 Competitors
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