Magical Malta is famous for its stunning landscapes, warm climate and rich cultural heritage. The archipelago is used as the backdrop for major film productions and is also home to some of the oldest temples in the world. Malta might be the smallest EU member state but it’s mighty. It’s an ever-more popular tourist destination and cradles what has made European civilization.
Over recent years, Malta has increased its commitment to fostering startup culture and has been attracting new businesses to its shores. The country is working on expanding its economy and is setting its sights on the future of tech development in areas such as AI, Big Data, IoT, and DLTs – growing sectors in which Malta could become a global leader. Gaming and blockchain take the top spots for market areas in which Malta already plays an important role.
This sunny country is international, its education system follows the British model, with government-funded and private institutions offering instruction in English. In fact, Malta’s appeal as an English- and Maltese-speaking island in the crossroads of the EU and MENA regions is part of what makes it stand out.
We’ve got Malta on our minds here at EU-Startups, so we decided to investigate the Maltese startup scene. Here you’ll find a list of incredibly promising, fresh-faced startups from Malta, all founded after 2019 and that we expect to zoom ahead in 2023 and beyond.
Binderr: Founded in 2020, Binderr is a pioneering company in the emerging corptech field, working to transform digital corporate services across the European Union. The young company is focused on simplifying the process of incorporating and making corporate changes across Europe, with an added emphasis on ensuring regulatory compliance. Binderr recognizes the shortcomings of current solutions that are often ineffective, complicated, and not tailored to the needs of modern businesses. Its operations are based in Sliema and it has raised €2 million so far.
Fyorin: Fyorin, based in Birkirkara, offers a payment and financial operations platform that solves challenges for finance teams dealing with multiple non-integrated financial providers. The innovative platform automates receivables, monetizes funds flow, and provides various features, including multi-currency bank accounts, virtual cards, and direct accounting integration, simplifying financial operations. Founded in 2019 it has been able to secure €650k.
Odds Scanner: Founded in 2019, Odds Scanner is a company focused on providing player acquisition and engagement channels to its partners in the iGaming industry. With decades of combined experience in marketing and iGaming, the three entrepreneurs behind the company bring expertise in media buying, PPC, SEO, content, and technology. Odds Scanner has quickly become a leading iGaming marketing brand, targeting Portuguese, Spanish, and English-speaking markets globally. Headquartered in Qormi, the company has raised €550k.
Metaverse Architects: Founded in 2020, this architectural firm specializes in designing and developing for the metaverse, helping brands come to life in virtual worlds like Decentraland and Somnium. With a team of passionate game developers and architects, they assist clients in achieving a return on their investment in the metaverse, building projects like NFT galleries and crypto casinos. In 2022 it raised an undisclosed funding round.
Abe Health: Abe Health is an exciting company that provides intellectual assistance to nutritionists, trainers, and coaches by applying the latest academic knowledge in life sciences to clients’ data, giving them personalized and actionable advice. This helps professionals in the wellbeing industry to scale their reach while lowering the time spent on each client and maximizing their clients’ healthspan. Founded in 2021, Abe Health is located in Qawra.
Woowbe: Founded in 2020, WOOWBE is a loyalty channel that provides businesses with a digital platform for offering card-linked offers and cash-back rewards. It’s a simple and innovative solution that helps businesses achieve greater brand loyalty, without requiring operational changes. Users can link their cards to receive rewards easily and securely, making it a hassle-free way to earn rewards. Woowbe is based in Saint Julians.
SEKAI Digital Twins: Founded in 2019, SEKAI is a software provider that enables the development of digital twins for enterprises. Digital twins are virtual replicas of physical assets or processes, bringing together 3D, IoT, and ERP data into a single operating model. Powered by a neural network, their platform helps businesses visualize, analyze, and manage operations and processes. With SEKAI, companies can achieve digital transformation, performance improvement, risk mitigation, and increased efficiency and profitability, as well as improved sales engagement.
BrainTrip: Founded in 2019, BrainTrip is a Saint Julians-based health tech startup which has developed an electroencephalogram (EEG) based algorithm for detecting early-stage dementia. The algorithm is paired with a third-party EEG and used in elderly care facilities as a non-invasive screening tool to determine whether further diagnostic tests for cognitive impairment are necessary. The test takes only a few minutes and is best suited for people over 60 when the risk for early dementia increases. This cost-effective tool can benefit patients and physicians by reducing the need for invasive medical dementia workups.
TEN.gg: Founded in 2022, TEN.gg is a hub for everything related to the esports and gaming industries, from game developers to tournament organizers, marketing agencies, and more. Their platform provides a comprehensive directory of major institutions in the esports industry, making it easy for companies to connect with each other and find the services they need. In addition to their catalogue, they offer a range of features and extras designed to help grow the esports industry. Companies can create their business profiles on TEN.gg to stay ahead of the game as more esports-tailored features are launched.
Good Grants: Founded in 2020, Good Grants is on a mission to revolutionize grants management and democratize access to it. By offering better functionality, a more efficient way of doing business, and cost savings, they’re helping organizations of all kinds make an impact. Good Grants is dedicated to empowering grantmakers with the tools they need to manage applications online, make sound funding decisions, and drive positive change in society. Based in Naxxar, Good Grants is committed to making it easier for good organizations to do good.
By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!