Bird & Bird’s Prague office has assisted KB SmartSolutions on an unspecified investment into the fintech company Lemonero, made through the acquisition of shares in its parent company, MonkeyData.
According to Bird & Bird, “Lemonero is a Czech start-up that offers operational financing in the field of e-commerce through digital platform, data use, and artificial intelligence.” According to the firm, “Lemonero mainly finances small and medium-sized e-shops not only in the Czech Republic, but also in Europe.”
MonkeyData, which is headquartered in Austin, Texas, is a privately-held provider of e-commerce analytics, online business analytics, business intelligence, and data analytics.
KB SmartSolutions is a subsidiary of Komercni Banka, through which the bank invests in modern technologies in the area of financial sector.
The Bird & Bird team was led by Partner Ivan Sagal and included Associates Lubomir Brecka, Martina Waliczkova, Gabriela Mala, Radomir Pivoda, and Roman Norek.