![]() Wallet by BudgetBakers was also awarded Google Play's Editor's Choice Badge and was in the list of the 10 best lifestyle apps in the Czech Republic of 2017. It was also selected as one of the 40 growing startups to attend Google's recent CEE All Stars event hosted at its entrepreneur space, Campus Warsaw. Along with the funding round, BudgetBakers revealed that Michal Kratochvil, former Managing Director of Accenture in Central Europe, has joined as the startup's new CEO."īudgetBakers has been a pioneer in the Czech fintech revolution. In June 2016, BudgetBakers "raised seed funding from startup investor Petr Zamecnik and former CEO of HomeCredit and GE Money, Ivan Svitek. "Since then, BudgetBakers has grown to over a million registered users, tripling its paying membership since last year, as it has repositioned itself to focus more broadly on personal finance, and rolled out features that allow customers to manage all of their personal finances in one secure cloud platform," says. It was during this period that the present CEO Michal Kratochvil became an advisor to the startup. What makes a strong password A strong password is memorable to you and nearly impossible for anyone else to guess. That's been an amazing experience for us, and we're really glad we decided to do it." So we've had to adjust our attitude towards development, and grow up as a company and a team. There's no use in creating the world's most amazing software, if nobody is ready to use that software to make a positive impact in their lives. ![]() "I've come to realize that our priority has to be our customer experience and our market strategy, instead of just building an ever richer feature set. But now I have to say, it helped me to crystallize my vision in term of growth and success," said Muller, in an interview. I had to turn towards management, and that was a challenge for me. At the beginning it was very unusual for me, because i was used to spending my whole day programming. "By entering SY, we had to slow down development of the new version of BudgetBakers and start focusing more on management, finances and defining the strategy that will bring us to next level. In this three month-program, the startup was able to reshape its vision, plan out its strategies and concentrate on scaling up the product. In 2015, BudgetBakers was selected as one among 7 other growing startups to attend the startup accelerator program hosted by StartupYard. Having developed the during his free time, Muller gained confidence as angel investor Martin Ji?i?ka came on board as the startup's first investor. BudgetBakers started off as a side project of Jan Muller, who worked as a software developer with leading Czech companies Avast, Ceska Sporitelna and . The company, which was formerly known as LogMeIn, is updating its blog post about the breach for the first time since November 30th, when GoTo confirmed unusual activity within its development.
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