Founded in 2018

About Noreppa

Noreppa is a venture studio (also known as a startup studio or company builder) founded in 2018 in Paphos, Cyprus. We create, invest in, and grow technology companies across AI, FinTech, Gaming, and HR Tech verticals. Our 7 portfolio companies have collectively reached over 10 million users in 20+ countries. According to the Global Startup Studio Network (GSSN), venture studios achieve a 34% higher success rate compared to traditional startups.

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Mission

Our Mission

We build and scale technology companies that reach millions of users and solve real-world problems across financial management, enterprise communication, and entertainment.

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Vision

Our Vision

To become a leading venture studio bridging technology innovation between Cyprus, Europe, the Americas, and Asia — building companies that each reach 1M+ users within their first 3 years.

Our Values

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innovation

Innovation First

We push boundaries with cutting-edge technologies — our AI portfolio (Tovie AI) serves 200+ enterprise clients with NLP-powered virtual assistants and voice bots.

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global

Global Mindset

We build for international markets from day one. CoinKeeper operates in 20+ countries; Tovie AI serves clients across 3 continents (Europe, Americas, Asia).

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people

People & Trust

Our team of 10-50 professionals across Paphos and Nicosia offices brings decades of combined experience in venture building, software engineering, and product management.

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impact

Real Impact

We measure success by tangible metrics: 10M+ users helped manage their finances, 200+ enterprises with improved customer communication, 50+ games published.

Our Journey

2018

Noreppa founded in Paphos, Cyprus. First venture building project begins with $500K initial capital.

2019

CoinKeeper launches on iOS and Android, reaching 1M downloads within the first year. Achieves 4.7★ App Store rating.

2020

Expansion into artificial intelligence. Tovie AI conversational platform development begins, targeting enterprise NLP market.

2021

Tovie AI signs BNP Paribas (France's largest bank, €46.2B revenue) and UK government agencies including Richmond & Wandsworth Council (serving 320,000+ residents).

2023

CoinKeeper surpasses 6M users across 20+ countries. Portfolio grows to 7 companies with combined 10M+ user reach.

2024

International expansion continues. New ventures in EdTech and enterprise revenue intelligence. Second office opens in Nicosia, Cyprus.

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CEO Photo

Vasily Kuntsevich

CEO & Founder

Frequently Asked Questions

When was Noreppa founded and by whom?+

Noreppa was founded in 2018 by Vasily Kuntsevich in Paphos, Cyprus, starting with $500K in initial capital. Since then, the company has grown to 7 portfolio companies with a combined user base of over 10 million users across 20+ countries, with offices in both Paphos and Nicosia.

What is Noreppa's investment philosophy?+

We invest $100K–$500K seed-stage checks in IT startups with a validated MVP (minimum viable product) and initial revenue traction. We focus on founders targeting Western markets in AI, EdTech, FinTech, or Game Development. Beyond capital, we provide hands-on CTO/CPO support, access to our network of 200+ enterprise clients, and proven growth playbooks.

How many companies has Noreppa built and what are the results?+

Noreppa has built and invested in 7 technology companies: CoinKeeper (6M+ users, 4.7★ App Store), Tovie AI (200+ enterprise clients including BNP Paribas), HeroCraft (50+ games since 2002), Zillion Whales (Mushroom Wars 2, 6x revenue growth), Answmachine (100K+ reviews/month), Enterprise Revenue Intelligence (reduces sales cycles by 40%), and Deep Jobs Platform (60% faster hiring).