Company briefs

Company briefs

New fintech starts up in Malta

One of Mr Green’s founders, Mikael Pawlo, who stepped down as its CEO in June 2015, has set up a new fintech company, once again choosing Malta as it base.

Red Flag was set up with €3.7 million in seed capital, with Mr Pawlo as one of the initial investors, along with Mattias Soderhielm and Niklas Derouche as well as famous i-gaming people like Anders Strom, chairman of Unibet, and Staffan Persson, major investor in Unibet as well as prominent Swedish finance family Dinkelspiel (owners of major Swedish stock trading platform Nordnet) and some of the original Mr Green investors.

It said that its mission was to create an app which will allow people to choose their own working model, by automating accounting, expense reporting and invoicing – as well as cash planning.

“We believe that we have a unique opportunity to empower the individuals who are now at the mercy of a market for work in such a way that the playing field can be levelled. We can empower individuals sufficiently for them to create something for themselves without dealing with the complexities that once were associated with it,” Mr Pawlo said.

The first product will be launched in Sweden in the coming months, with more products planned for spring, then expanding into new markets during the fall next year.

Maltco releases CSR report

Maltco Lotteries, Malta’s national lottery brand, has published its corporate social responsibility report, which covers responsible gaming, retail, sports and charity.

Maltco is certified by the World Lottery Association and by the European Lotteries for fully applying and maintaining the responsible gaming framework.

It has led the standards in the local gaming industry to ensure that everyone involved in the Maltco portfolio of games are fully conversant with responsible gaming principles as advocated by the company.

Maltco also contributes €50,000 towards the Responsible Gaming Fund and has undertaken an annual programme to train over 600 Maltco agents and their assistants on Responsible Gaming.

Apart from its own sponsorships and donations, the government’s Good Causes Fund receives around €600,000 annually consisting in the entirety of Maltco’s games unclaimed prizes.

A copy of the publication can be obtained through the company’s website:

Investor education conference

The Malta Stock Exchange is holding its second annual investor education conference at the Corinthia Palace Hotel in Attard on Saturday October 29, from 9am till mid-afternoon.

There is an impressive line-up of speakers from various entities, covering every aspect of investments, from understanding balance sheets and the price to earnings ratio, to a panel discussion on the most common mistakes made by investors and advice on why diversification is the key to success.

There is a registration fee of €12 per person. For further details and registration, contact or call 2124 4051.

New partner for NetRefer

Fast Track has partnered with NetRefer, and will use the NetRefer Unified Product Suite to manage all its affiliate marketing activities.

NetRefer’s programme will be used to provide full control of activities relating to its affiliates (both online and offline), integrating multiple brands with selected suppliers.

Founded in 2005, NetRefer is a leading provider of performance marketing software. NetRefer’s offices in Malta head its international presence in Madrid and South Africa.

Middlesea launches road safety awareness campaign

Mapfre Middlesea launched a road safety awareness campaign, focusing mostly on motorcyclists.

In the past 10 months, there have been 20 traffic fatalities in Malta, with more than a third of the victims being motorcyclists.

A number of road safety episodes will be featured on TV programme On D Road, hosted by Pierre Borg, a well-known motorcyclist in Malta.

Topics will include safety features of a bike, safety gear, maintenance of motorbikes and being safe on the road.

On its social media platforms and through its blog, Mapfre Middlesea will also share a safety tips and information.

This campaign is in line with Fundacion Mapfre’s strategy to promote road safety.

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