By Katja Fiedler, RBI|

Welcome to the second part of our two-part series, in which we present interesting fintechs. Today, we are having a look at Zentity and iFactor.

Like the two fintechs Synerise and FinLync, which we presented last week, Zentity and iFactor are going through the Elevator Lab Partnership Program powered by Raiffeisen Bank International (RBI). Currently, they are developing a proof of concept (PoC), together with mentors and experts from RBI’s subsidiary banks and head office. In the second quarter of 2021, the solutions resulting from this PoC phase, will be presented at a demo day and subsequently evaluated for a potential partnership with RBI.


Zentity is a fintech headquartered in Czech Republic, with offices in Slovakia, Hungary, and the USA, which focusses on delivering digital channels. In over ten years of experience in digital technologies, based on their products, Zentity’s team delivered more than 110 solutions to companies working across Europe, North America, Asia, and Africa. Zentity has been recognized by the renowned research and advisory company Gartner as a globally emerging vendor for Open Banking platforms every year since 2016.

Zentity provides a platform called Zen Play, which helps companies easily connect any digital channels to their existing core business systems. The framework of the platform also allows companies to connect third party solutions to their digital channels and marketplaces in a fast, secure and cost-efficient way, thus providing their clients with a unified experience. The average delivery time for a fully integrated Zentity digital banking solution is four months. Zentity also offers a suite of products enabling customers to keep their digital channels attractive and cost-efficient.

In 2020, Zentity was chosen as Tatra Banka’s finalist in its “Bank as a Platform” track organized under Raiffeisen Bank International’s Elevator Lab Partnership Program. As a finalist, they are currently working on a Proof of Concept (PoC) with mentors from Tatra Banka and RBI Head Office, in order to prove usability of their solution within RBI Group.

Learn more about Zentity in the following video with Bekr Shafiq, Key Account Manager at Zentity.


Founded in Romania in 2016, iFactor is the first fintech offering an alternative SME lending hybrid marketplace, that brings together SMEs looking for liquidity and banks as well as private investors looking for short-term, high yield investments.

At the end of 2020, iFactor was selected by the jury from the Romanian RBI subsidiary bank as finalist for the “Advanced Analytics and Loyalty Solutions” track, organized by Raiffeisen Bank in Romania and Raiffeisenbank in Bulgaria under RBI’s Elevator Lab Partnership Program. In the current PoC phase, iFactor is developing an engine used for fraud detection and monitoring of abnormal behavior during the factoring process.

To find out more watch the following video with Cosmin Curticapean, founder and CEO of iFactor.


Elevator Lab is a fintech partnership program powered by Raiffeisen Bank International (RBI). Through various programs it constantly searches for innovative fintech solutions, in order to jointly develop tomorrow’s banking business.

In its Partnership Program, Elevator Lab looks for later-stage fintechs all over the world and offers a long-term collaboration to suitable partners. Local challenges and bootcamps focus on the CEE region, looking for later-stage fintechs and seed/early-stage startups or single founders, respectively.

In the second half of 2020, Elevator Lab started the fourth round of its Partnership Program with three search fields: Advanced Analytics and Loyalty Solutions; Value added Services for Large Corporates; Bank as a Platform.

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