Fintech companies in Georgia now have their own Association. Georgian Fintech Association was founded a couple of days ago, with the financial resources of the founders and the chairman of the Association is Lasha Eredelia.

"Fintech sector in Georgia has been improving rapidly lately and many startups were created. Commercial banks have also developed this direction. As a result, we responded to the need of founding Fintech Association”, Eredelia told BM.GE.

The association will be open for both startups and developed companies. "We plan to support the Fintech development in Georgia – Eredeli added - by educating, cooperating with the universities and drawing talent to the technology world.“
The Association is also seen as an effective communication platform between the private and public sectors.

"Startups based in Georgia find it difficult to gain a position on Georgian, as well as international markets. Our task is to simplify this for them as much as possible, to identify investment opportunities and promote cooperation with potential investors”, Eredelia told BM.GE.

The Georgian Fintech Association has already signed a Memorandum of Understanding with the Georgian Innovation and Technology Agency (GITA).