Encorp.io and AMBITIONED Join Forces to Lead in Fintech and Blockchain Software Solutions
Sofia, February 4, 2025 – In the fast-evolving world of fintech and blockchain technologies, Encorp.io and AMBITIONED are announcing a strategic merger aimed at establishing a leading provider of software solutions in these innovative sectors.
AMBITIONED, founded by Ivaylo Kenov along with the SoftUni team—Dr. Svetlin Nakov, Hristo Tenchev, and Ivan Nenkov—has established itself as a pioneer in software development and the training of highly skilled IT professionals. On the other hand, Encorp.io, founded in 2019 by Martin Kuvandzhiev, with key figures Boris Nikolov and Rosen Santev, specializes in premium outstaffing and Build-Operate-Transfer (BOT) solutions, helping fintech and blockchain corporations scale their teams with top-tier talent.
The merger of these two companies under the Encorp.io brand aims to combine expertise and resources to offer clients unparalleled software solutions and services. The newly formed team will expand its service offerings to include decentralized systems development, smart contracts, mobile wallets, DeFi protocols, and integration of SEPA, SWIFT, ACH, CESOP, and Visa Direct payments.
"This merger is a major step forward in our mission to deliver world-class fintech and blockchain solutions that drive innovation, efficiency, and growth,"
— Martin Kuvandzhiev, CEO of Encorp.io"The unification of these two companies will make us stronger, more stable, and more efficient in software development.
This strategic move not only expands our capabilities but also creates an environment where innovation and technological advancement
will be at the core of everything we do. I believe our combined efforts will lead to the establishment of an industry-leading force
that sets the standards for the future of fintech and blockchain solutions."
— Ivaylo Kenov, former CEO of AMBITIONED, now Chief Strategy Officer at Encorp.io
The merger between Encorp.io and AMBITIONED symbolizes the fusion of vision, experience, and innovation, paving the way for the creation of a dominant force in the software industry. Clients can expect an expanded service portfolio, backed by a team of experts committed to delivering exceptional results and driving technological progress.
