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Živković Samardžić Advises South Central Ventures on Increase of the Share Capital of Its Portfolio Company LeanPay

18 July 2019

Živković Samardžić, a leading Serbian law firm specializing in venture and growth capital, continues to support South Central Ventures (SCV) in their investments in tech startups across the Western Balkans. Two months after advising SCV on its investment in the Fintech startup LeanPay, which offers consumer financing for goods, a new funding round was completed with an additional share capital increase.

The fragmented Fintech industry still presents opportunities as traditional financial institutions remain slow in digital transformation. SCV sees LeanPay's mix of tech expertise and banking experience as a chance to disrupt the market. SCV manages the €40 million Enterprise Innovation Fund (ENIF), which invests in innovative small and medium-sized enterprises in the region, supported by the European Commission, EIF, EBRD, KfW, and private investors.

This marks Živković Samardžić's 5th transaction with SCV in the past three years, further solidifying its expertise in startups and financing. The investment round of SCV was led by lawyers from the Corporate and M&A department.

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