Invest in Latvia: Whitepaper scale to Latvia ( Whitepaper


Successful Scale to Another Country

Compared to Lithuania, Latvia has more desktop-based software's. The pricing model is out of date. Company teams work separately from the accountant. allows teams to work together in 1 system. It saves time, allows integration, simplifies marketing, and relates customers. Moreover, this model is more profitable in the long term (doesn't require 1:1 installation and it is easier to support 1 version instead of many).

Who We Are

Filip — CEO adviser, CEO, CEO, Founder
20 years in IT industry

Alex — CTO adviser, CTO, CTO
Startups Adviser
20 years in IT industry


  • 90% of software is desktop-based
  • Accounting Companies (AC) need to work in the system with their customers
  • Teams work separately (general manager and the accountant work in different systems)
  • Existing solutions are much more expensive

Whole Market Size:

70K SMBs, 2M population

Potential Market:

70K x 30% = ~20K potential SMBs

Potential Revenue:

20K x €10 = €200K/month



  • Direct sales
  • AC network power
  • Free Invoicing
  • Google SEO


  • Accounting software (1:many)
  • Enterprises


  • Potential Market Penetration


  • AC network power
  • 1 system for all ergonomic companies
  • Low costs
  • Many integrations into other systems


  • PHP, PostgreSQL
  • Inhouse development


  • Process can go slower because of the bad market situation

Investment Timeline:

  • 6 mon: €150K — launch MVP and start sales (lv, ru, en)
  • 6 mon: €150K — break-even
  • 6 mon: €100K — active marketing, backup
  • 6 mon: €100K — active marketing, backup

Revenue Projections:

  • 6 mon: €0
  • 6 mon: €15K/month
  • 6 mon: €20K/month
  • 6 mon: €30K/month