Entrepreneurs have accessed more than 10,000 Hive solutions to start and grow a business over two years

• Hive is the largest entrepreneur interaction center in Romania, with a community of over 27.000 members.
• 500 businesses have been born so far at Hive.
• Stup is intended for all entrepreneurs, clients of Banca Transilvania or other banks.

In the space of two years, over 6,500 entrepreneurs have accessed around 10,000 financial and non-financial solutions at Stup, and 500 businesses have been born at Stup. So far, more than 12,500 one-to-one advice meetings have taken place at Hive and more than 16,000 people have attended courses. In addition, 3,500 small businesses and start-ups have obtained funding.

One in three business solutions accessed by entrepreneurs is digital, which shows the growing trend of adoption of new solutions. In addition, 500 businesses went online by launching, with support from Stup, their business website, online shop or by implementing online marketing campaigns.

Hive continues its journey started two years ago in an authentic and valuable way. Every day, entrepreneurs come to us for advice, courses and events to access solutions to develop their business. This is what we wanted from the beginning, to build a community, to create a space for dialog and development for entrepreneurs, especially for businesses that are just starting out. The two years have exceeded our expectations on how the market has reacted to this new concept, which gives us confidence to continue its development. We want to contribute even more, with everything we do at Stup, concretely, practically, to the development of the entrepreneurial community. As we say, at Stup, let there be less talk, more business.

Cristina Sindile
CEO BT Mic

To join this community, you need to open a membership account on the Stup website, and the benefits are as follows:  

• easy access to solutions for starting and developing a business thanks to the One-stop-shop concept, offered at a discount by Stup's more than 20 partners;
• free advice on any entrepreneurial topic;
• free courses on almost 20 topics;
• no membership fee.    

Stup is a first on the Romanian banking market, launched by Banca Transilvania and BT Mic in 2022. Stup is located in Bucharest, on Calea Șerban Vodă 206-218, some of the business solutions can be accessed also online, and in social media is on Instagram and Facebook.

Stup & Quantix survey: entrepreneurs have an optimistic-moderate feeling about business development in the next 12 months
A recent survey conducted in the Bucharest entrepreneurial market and the Stup community shows that 44% of respondents believe that their business will evolve at the same level in the next 12 months, while 37% consider a moderate growth. Online is considered a priority for business growth, although for the majority of entrepreneurs (8 out of 10) online is limited to the need for a website or communicating through a social media channel (6 out of 10). In the same vein, the online marketplace/store is an option for only 3 out of 10 entrepreneurs.

Also according to this survey, 4 out of 10 entrepreneurs finance themselves from their own sources and 54% have never tried to take out a business loan. However, of the 46% who have tried to take out a loan, 87% have received a positive response.

More details about Stup and the findings of the study can be found in the white paper A day at Hive.