HAVEL & PARTNERS, along with its venture capital experts, represented Central European deep tech fund Tensor Ventures and Elevator Ventures, the Austrian corporate VC fund of Raiffeisen Bank, in their investment in Czech fintech startup Wultra.

The legal advice was provided by managing associate Josef Bouchal acting as the team leader, along with associate Jiří Moravec and junior associate Róbert Košala. Partner Jaroslav Baier led the transaction.

The cybersecurity startup Wultra was founded by CEO Petr Dvořák in 2014. The company specialises in developing security solutions for identity verification online and in mobile apps. This includes protecting mobile apps from attacks, implementing multi-factor or biometric authentication, and enabling real-time transaction confirmation.

Today, Wultra serves over 40 clients across 20 countries, including top Czech banks, the Czech National Bank, and financial services and insurance firms.

The transaction was completed in December 2024.