Eurora assigned Anneli Aljas as a new CEO

Estonian tax and customs technology company Eurora assigned Anneli Aljas as the new CEO. The former CEO Egon Veermäe has left the company. 

The new General Manager has more than 20 years of experience in the role of CFO, including CFO at Estonian mobility unicorn Bolt and co-founder and CFO of Estonian IT marketplace MarkIT.

Anneli Aljas has been working as CFO at Eurora since 2022. She noted that during 2022 Eurora has raised $40M, partnered with several large international clients (such as international parcel delivery network DPDGroup, US online e-commerce platform for transactions between sellers and buyers Wish, and international distribution, logistics, and e-commerce solutions company Skynet) and grown the team. The company also opened an innovation and development center in Tartu, with sales offices in the USA, UK, Singapore, and China.

Eurora develops an e-commerce suite of customs compliance tools. It simplifies all processes for small and medium-sized enterprises related to cross-border trade and logistics, collecting taxes, and managing payments. Eurora’s platform allows companies to fully automate global trade and compliance processes with AI-based solutions, including HS Code Allocation, Duty & Tax Calculation, Restrictions Screening, Pan-EU Customs Clearance, IOSS Registration, and VAT Services. The startup was founded in 2022 by Marko Lastik.

At the same time, the company’s founder Marko Lastik has been under criminal investigation for two years now. It refers to his previous company GTS Group. In the summer of 2018, Lastik made a cooperation offer to the investment company Novira Capital (with Arle Mölder and Sergey Kolesnikov as co-owners). Lastik proposed to Novira Capital’s owners to become board partners as investors in his company, which was engaged in logistics. The company had to manage freight trains operating from China to Estonia, which eventually didn’t start operating. A subsidiary of Novira, Larix Partners, started a trial against Lastik’s company accusing Lastik of using their investment for personal use and demanding to return €400K that it had invested in the company. According to a recent court decision, Larix Partners won a trial over Lastik at first instance.