Auto-translation used

Kazakh holding EA Group invested in German ecom startup A4ord

EA Group investment holding has made its first international investment in the German startup A4ord, operating at the intersection of the services and fintech markets. The holding acted as a strategic investor.

A4ord is a marketplace of services for travelers, expats and locals. The service connects users with service providers, providing a convenient platform for online booking and payment. 

The A4ord service is designed to solve the problem of the so-called “Terminus”, when the waiting time for admission can stretch for months, as well as meet the needs of a low-maintenance but large expat community in the EU. A4ord operates in Germany, Spain, Portugal, Austria and Greece. He plans to enter new countries in the future.

The Kazakh investment holding EA Group acted as a strategic investor of A4ord. The amount of the investment has not been disclosed, but it will allow A4ord to significantly expand its presence in the European market. The money will be used to expand the team and for marketing in the countries where the service is present.

"The European service market has great potential for growth, and we are confident that the experience of the A4ord team and our support will help us take a significant share in it. This deal is our first fully international investment. We expect that it will not only bring financial returns, but also become a springboard for EA Group's global expansion," said Erik Aubakirov, CEO of EA Group.

The platform offers services in six main groups: home/car, children, pets, health/beauty, personal development and expats. Users can quickly select an available time and place to provide services. Service providers, in turn, gain access to new customers. Unlike existing solutions, A4ord provides providers with marketing support.

"We believe that properly used technologies can improve everyday life. That's exactly what we're doing in A4ord. Instead of creating and maintaining their own websites, conducting marketing campaigns, making appointments and processing payments, service providers can fully focus on their customers. Unlike many other platforms, A4ord's strong marketing team constantly conducts marketing campaigns to attract new customers. This helps service providers to grow their business quickly and save a lot of time and money," says one of the managing founders, Evgeny Vigovsky.

Embedded online payment solutions comply with EU PSD2 requirements, thanks to a partnership with two licensed payment service providers from the Netherlands.

The official launch of the marketplace took place in the fall of 2024. At the moment, more than 400 suppliers have joined the service, which provide services in Russian, English and German. In the near future, the platform plans to introduce financing options for service buyers using its own fintech products.

About the company:

EA Group is a financial and investment holding company specializing in venture and private equity investments, as well as asset management. The company provides comprehensive support, ensuring growth and success through portfolio management, mergers and acquisitions, and strategic guidance for the companies they invest in.

A4ord is an online service platform for expats, travelers and locals in Germany, Spain, Portugal, Austria and Greece. The platform connects users with service providers, providing a convenient platform for online booking and payment.