PSC CEE has become internationally known with its Android-based, all-in-one online cash register, the Smart Cashier. Hiventures, a member of the MFB Group, and Bonitás Investment Fund Manager are now contributing to the company’s further expansion with a joint investment of HUF 700 million.
At the end of last year, the regulation came into force in Hungary, according to which
This has greatly contributed to the rise of SmartKassa, which has integrated a tax unit and a printer, and integrated electronic payment methods. In addition to the compact solution, those with Smart Cash can also enjoy additional functions and services. These include inventory, transaction reports and business analysis capabilities and a webshop. All this on a cloud basis and securely
PSC CEE Kft, founded four years ago, has already been financed by Hiventures in two rounds to directly support the company’s exponential growth and indirectly the digitization of the company’s target SME segment. . First, the fund manager invested HUF 230 million, then HUF 140 million, and now it is investing another HUF 350 million, while Bonitas also voted confidence in the developing startup: they are also investing HUF 350 million in PSC CEE.
“This is our 60th investment round, which we realize together with a co-investor, incubator or business angel. With this transaction, the total value of our partners’ investments reaches HUF 6 billion, which means serious validation for us as well. , when another investor sees a fantasy in the company he has already financed, “said Bence Katona, CEO of Hiventures.
The management of PSC CEE has embarked on a comprehensive expertise in founding the company: the three senior founders have decades of experience. has experience in the FinTech industry. “Our most important future goals are the domestic and Polish market expansion and open banking, so we will use the joint investment of the two fund managers primarily to facilitate this and to develop our hardware and equipment,” said Tamás Molnár, CEO of PSC.
“Jinging cash register, physical cash register? Don’t be fooled! PSC is a real FinTech company with a soon-to-PISP license that has found a unique but secure entry point in the SME trading sector for the sale of mandatory, fiscalized cash registers and related service packages. The point is the ecosystem that PSC has built around Okoskassza as an integrated payment system and webshop, sales support back-end systems that provide long-term customer relationships, sales of additional services, a huge amount of data over time and last but not least, continuous revenue, “said András Borbély, Investment Director of Bonitás.
“The pandemic has further accelerated the already rapid digitalisation of trade, coupled with an intention to whiten the economy in the CEE region. PSC’s innovative one-stop product solutions address these challenges. “- explained Bence Katona about the current round of investment. In addition, surveys show that the proportion of card and online payments is growing dynamically in both Hungary and Poland, leading to a growing demand for integrated card acceptance services.
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