Utorg OU
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Utorg OU - overview
Established
2019
Location
Tallinn, -, Estonia
Primary Industry
Financial Services
About
Based in Estonia, and founded in 2019, Utorg OU operates as a blockchain technology company. The company was founded by its CFO Artem Barannyk, Daniel Stolberg, and CEO Eugene Petrakov. In December 2022, Utorg OU raised USD 5 million in seed funding, led by Dragonfly hypra, and TA Ventures. As of 2022, the company has 35 employees.
Utorg offers a fiat-to-crypto platform, which is a platform that allows users to buy bitcoins. Users of the platform are permitted a maximum of 12 transactions per day, with each transaction costing no more than EUR 1000. The company offers virtual currency wallet services, and users can buy bitcoin with USD, CAD, GBP, UAH, NOK, CAD, and AUD. The company plans to use the funds raised in December 2022 to hire more people and further develop its platform.
Current Investors
TA Ventures, Dragonfly Digital Management, hypra
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.utorg.pro
Verticals
Artificial Intelligence, Blockchain, FinTech, FinTech
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Utorg OU - timeline of key events
Utorg OU - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|
| Revenue (USD) | 3,519 | 657,931 | - | - | - |
| % Revenue Growth (YoY) | - | 18596.5% | - | - | - |
| EBITDA (USD) | (7,574) | 117,964 | - | - | - |
| Operating Income (USD) | (7,574) | 117,964 | - | - | - |
| Operating Margin | (215.2%) | 17.9% | - | - | - |
| % EBITDA Margin | (215.2%) | 17.9% | - | - | - |
| NET Income (USD) | (7,224) | 117,918 | - | - | - |
| % Net Margin | (205.3%) | 17.9% | - | - | - |
Utorg OU - employee data
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