Erste Group deepens collaboration with Czech start-up Dateio

Erste Group joins forces with Prague-based start-up Dateio to work on the integration of a new discount system into its pan-European banking platform George. The potential solution developed by the Dateio offers discounts linked to clients' payment cards. Erste utilizes its unique asset of having one platform across four retail-markets with more than 5 million users and roughly 25 % digital market share. Thus, Erste Group invested into a 22% share of Dateio becoming a minority shareholder in the Czech company. From an investor’s perspective, Erste expects the roll-out of the service via its own banking platform to increase the value of the start-up.

Full press release.