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iTrinity

Can a bootstrapped Slovak SaaS group use a PE-backed acquire-and-scale playbook to quietly build a global portfolio of profitable niche SaaS tools without raising venture capital?

Founded2014
HQBratislava, Slovakia
FoundersPeter Hrbacik
IndustryHorizontal SaaS / Accounting
The story

Founded in 2014 as a single bootstrapped SEO tool (KWFinder), iTrinity evolved into a multi-product SaaS acqui-hire vehicle backed by Czech PE fund Pale Fire Capital. Rather than building organically, the company adopted a buy-and-grow model, acquiring under-the-radar SaaS businesses with proven revenue but unreached potential. By 2025 the portfolio spanned SEO, email deliverability, uptime monitoring, geo-targeting, and digital guidebooks — all operated as a unified group under the itrinity brand from Bratislava. The embedded finance angle is primarily operational: Airwallex was adopted to reduce cross-border conversion fees and streamline expense management across globally dispersed portfolio companies.

Last 12 months
2025-04
2025-06
2025
Product timeline
2014
Peter Hrbacik bootstrapped KWFinder, a long-tail keyword research SEO tool, profitable from day one.· pivot
2018
Team grew to four people; KWFinder expanded into the broader Mangools SEO suite.· pivot
2021
Partnered with Pale Fire Capital (Czech PE fund) to begin acquiring additional SaaS businesses.· acquisition
2024
Portfolio reached 7+ products including UptimeRobot, EmailListVerify, WarmUpInbox, TouchStay, and Deadline Funnel, with $25M+ ARR and 7.5M+ users.· acquisition
2025
One portfolio product sold to a market-leading SEO company; acquired TopicRanker (US) and additional targets; revenues exceeded CZK 550M (~$25M+).· acquisition
The stack
FX & payouts
Airwallex
Accounting gap: significant