Lovro Colic
About Lovro Colic
Lovro Colic is a software engineer and entrepreneur, known for co-founding Lago and his significant contributions to Qonto.com's revenue growth.
Lovro Colic: Software Engineer
Lovro Colic is a software engineer with a keen focus on the development of advanced financial technology solutions. His expertise lies in creating scalable and robust software systems, which has been exemplified through his work at various prominent companies. At Lago, Colic leverages his technical skills to drive innovation and build products that meet the evolving needs of businesses in the financial sector.
Lovro Colic: Co-founder and CEO at Lago
Lovro Colic co-founded Lago in March 2021 and currently serves as its CEO. Under his leadership, the company initially presented itself as a no-code data tool for Growth Marketing teams. However, after identifying the complexities involved in setting up billing systems for B2B SaaS products, Colic guided Lago to pivot towards becoming an open-source alternative to Stripe Billing. This strategic shift underlines his forward-thinking approach and adaptability in a competitive market.
Lovro Colic at Qonto.com
Lovro Colic was one of the earliest employees at Qonto.com, a $5 billion B2B neobank. During his tenure, he played a crucial role in leading the company’s revenue growth from its pre-product stage to reaching tens of millions in Annual Recurring Revenue (ARR). His contributions significantly impacted the financial trajectory of Qonto.com, establishing it as a major player in the fintech space.
Lovro Colic and Y Combinator
Shortly after founding Lago, Lovro Colic applied to and was accepted into Y Combinator, a prestigious startup accelerator. This endorsement provided Lago with invaluable resources, mentorship, and networking opportunities, setting a solid foundation for the company's growth. Participation in Y Combinator enabled Colic to further refine Lago's business model and align its offerings to market demands.
Lovro Colic's Pivot with Lago
Lovro Colic demonstrated strategic agility by shifting Lago's focus from a no-code data tool for Growth Marketing teams to developing an open-source alternative to Stripe Billing. This decision emerged from firsthand experiences with the challenges B2B SaaS companies face in setting up billing systems. This pivot not only reflects Colic's problem-solving skills but also his dedication to creating solutions that better serve the needs of businesses in the SaaS industry.