ILIRIKA Investments a.d. Beograd

What ILIRIKA Investments a.d. Beograd does

ILIRIKA Investments a.d. Beograd is a Serbian brokerage-dealing company (brokersko-dilersko društvo) founded in 2002 and operating under a license from the Serbian Securities Commission (Komisija za hartije od vrednosti). The firm is part of the broader ILIRIKA Group, which has held a strategic position in the financial services sector for over 30 years through its Slovenian entity ILIRIKA d.d. Ljubljana, with affiliated operations in North Macedonia. Headquartered at Kneza Mihaila 11-15/V in Belgrade with 7 registered employees, the company offers a multi-service platform spanning retail and institutional brokerage on the Belgrade Stock Exchange and major international exchanges (NYSE, NASDAQ, XETRA), professional portfolio management for high-net-worth individuals and corporate clients (minimum EUR 30,000 for individuals and EUR 50,000 for legal entities), M&A advisory and corporate finance services, corporate bond issuance advisory, and LEI code issuance under MiFID II.

The firm's core technology is the ILIRIKA Web Trader, an internet-based trading platform providing 24-hour access to global securities trading with no minimum deposit requirement, supported by phone, email, and in-person order channels. The platform integrates with external exchange infrastructure (NYSE, NASDAQ, XETRA) and requires contract signing and identity verification at the Belgrade headquarters for account opening. Marketing and client engagement utilize Microsoft Teams for webinars, email newsletters, in-person Investor Day events at venues such as Marriott Courtyard Belgrade, and educational content on financial markets. The firm serves a customer base spanning HNW individuals, corporate treasury clients, and large enterprises — with a notable M&A advisory track record involving clients such as Gazprom, Heineken, Hisense, Credit Agricole, Deutsche Bahn, Lukoil, Podravka, Vinci, OTP Banka, and Adriatic Banka.

The business model combines transactional revenue (brokerage commissions per trade), recurring fees (portfolio management subscription-style contracts and annual LEI code renewals), and episodic professional services fees (M&A advisory and corporate bond issuance). Distribution follows a hybrid model: direct enterprise sales at the Belgrade HQ for HNW and corporate accounts, self-service online trading via Web Trader, inside sales via phone and email, and regional coverage through the Ljubljana affiliate. The go-to-market emphasizes personalized advisory, educational content, and investor events targeting affluent individuals and successful companies seeking access to developed financial markets beyond traditional bank deposits and real estate.

Name

ILIRIKA Investments a.d. Beograd

Legal name

ILIRIKA Investments a.d. Beograd

Website

https://ilirika.rs

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Short description

ILIRIKA Investments a.d. Beograd is a Serbian licensed brokerage-dealing firm founded in 2002, serving high-net-worth individuals and corporate clients with securities trading on domestic and global exchanges, portfolio management, M&A advisory, and corporate bond issuance across Serbia, Slovenia, and North Macedonia.

Ownership category

akta.pro rank

Product category

Brokerage and Investment Services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940), Investment Banking and Securities Intermediation (523150)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro industry

PRIMARYFSAEACAM

Multi-Asset / Cross-Asset Brokerage

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Securities Brokerage (Retail & Institutional)

Keywords

• Securities brokerage services
• Portfolio management services
• Corporate finance advisory
• M&A advisory services
• Investment brokerage

Headquarters

HQ city

Novi Beograd

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Brokerage Commission: Commission-based revenue from securities trading on Belgrade Stock Exchange and international exchanges (NYSE, NASDAQ, XETRA). Brokers charge commission per executed transaction.
2. Portfolio Management Fees: Fees for professional asset management services. Service targets high-net-worth individuals (minimum 30,000 EUR) and companies (minimum 50,000 EUR) seeking professional management of their liquid savings on developed financial markets.
3. Corporate Finance/M&A Advisory: Advisory fees for mergers and acquisitions, public offerings of securities, and corporate finance solutions. ILIRIKA is one of the leading financial institutions in corporate takeovers in Serbia, Slovenia, and the region.
4. LEI Code Service: Revenue from LEI (Legal Entity Identifier) code issuance service. Code validity is one year from issuance date and requires annual renewal.
5. Corporate Bond Issuance Services: Advisory and structuring services for corporate bond issuance. Bonds offer alternative financing sources with favorable market conditions.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

ILIRIKA Investments a.d. Beograd is a Serbian brokerage-dealing company offering securities trading on the Belgrade Stock Exchange and global exchanges (NYSE, NASDAQ, XETRA), professional portfolio management for high-net-worth individuals and corporate treasury, M&A and corporate finance advisory, corporate bond issuance services, and LEI code issuance under MiFID II. Operations are supported by the proprietary ILIRIKA Web Trader online trading platform.

Product overview

ILIRIKA Investments a.d. Beograd is a brokerage-dealer company (brokersko-dilersko društvo) offering a suite of financial services centered on securities trading and asset management. Its core products include the ILIRIKA web trader online platform for trading on global exchanges, Berzansko posredovanje (exchange brokerage) for domestic and international securities, Portfolio menadžment (portfolio management) for professional asset management, Korporativni poslovi (corporate services) for M&A and capital market transactions, and Izdavanje obveznica (bond issuance) for corporate financing. Supporting sub-products include LEI code issuance. The company connects clients to worldwide exchanges (NYSE, NASDAQ, XETRA) and provides investment advisory, market analysis, and corporate finance services across Serbia, Slovenia, and North Macedonia.

Differentiator

Problem solved

Functional benefit

Brands

• ILIRIKA Web Trader: Internet platform for trading on world exchanges, offering fast and simple trading with access to leading global stock exchanges.

Products and services

• ILIRIKA Web Trader Internet trading platform enabling fast and simple trading on global stock exchanges, including stocks, bonds, and ETF funds, with free usage, no minimum deposit, 24-hour platform access, and clear analytical tools.
• Exchange Brokerage (Berzansko posredovanje) Brokerage services enabling clients to trade securities on the Belgrade Stock Exchange and international exchanges (NYSE, NASDAQ, XETRA) with professional guidance, market analysis, and investment recommendations.
• Portfolio Management (Portfolio menadžment) Professional asset management service for high-net-worth individuals (minimum 30,000 EUR) and legal entities (minimum 50,000 EUR) on developed financial markets, with customized investment strategies, active monitoring, and quarterly reporting.
• Corporate Services (Korporativni poslovi) Corporate advisory services covering mergers and acquisitions, public takeover bids, share issuance, and corporate bond issuance for companies in Serbia and the broader region.
• Bond Issuance (Izdavanje obveznica) Corporate bond issuance service providing alternative financing sources with flexibility in debt maturity and asset collateral, including full documentation preparation by the brokerage company.
• LEI Code Issuance Legal Entity Identifier code issuance service required for legal entities trading financial instruments across Europe under MiFID II Directive, processed within one business day with annual renewal.

Quantifiable outcome

• One of the market leaders in Serbia for international exchange trading
• +1 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature2 records

Partnerships

One partnership is on record.

• ILIRIKA d.d. LjubljanacoreOthersAffiliated company within the ILIRIKA Group. ILIRIKA d.d. Ljubljana is the service provider for LEI code issuance, while ILIRIKA Investments Belgrade handles identity verification. Slovenia-based entity with longest tradition in brokerage services in the country.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• UniCredit Group: Pan-European banking group with leading positions across CEE and the Balkans, providing brokerage, asset management, and corporate advisory. Competes with ILIRIKA across multiple service lines but at significantly larger scale and broader geographic reach.
• Erste Group Bank: Large Austrian-headquartered banking group with extensive CEE footprint including Serbia, Croatia, and Slovenia. Offers brokerage, wealth management, and investment banking that overlap with ILIRIKA's full-service model at much greater scale.
• NLB Broker: Brokerage arm of NLB Group, the largest banking group in Slovenia with regional presence across the Balkans. Overlaps with ILIRIKA in retail brokerage and asset management but operates as part of a much larger banking franchise.
• Halkbank Invest (Serbia): Investment services arm of Halkbank in Serbia offering brokerage and asset management. Comparable offerings to ILIRIKA's portfolio management and trading services, distributed through a larger banking network.
• Raiffeisen Brokers (Serbia): Brokerage subsidiary of Raiffeisen Bank in Serbia, providing trading, custody, and investment services. Comparable product set to ILIRIKA but benefits from the parent's large retail and corporate customer base.

Direct peers

• Momentum Broker (formerly Effekta Broker): Serbian broker-dealer providing securities trading and investment services to retail and corporate clients on the Belgrade Stock Exchange. Comparable in scale and product scope to ILIRIKA's domestic brokerage offering.
• Wood & Company: Independent CEE-focused broker-dealer and investment bank with strong footprint across the Balkans and broader emerging Europe. Comparable as a regionally-active independent brokerage providing equities, advisory, and asset management services.
• InterCapital Securities: Croatian independent broker-dealer offering trading, asset management, and corporate services in the Western Balkans. Comparable regional independent brokerage competing for similar HNW and corporate clients across the former-Yugoslav markets.
• Alta Invest: Slovenian independent brokerage and asset management firm. Directly comparable to ILIRIKA's Ljubljana affiliate in product mix (brokerage, portfolio management, advisory) and regional customer base.
• Tesla Capital: Independent Serbian brokerage-dealer offering securities trading, asset management, and corporate advisory. Closest head-to-head competitor to ILIRIKA in the domestic Belgrade market with a similar multi-service brokerage model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/people/Ilirika-Srbija/61569323979548
• LinkedInlinkedin.com/company/ilirika-investments-a.d.-belgrade

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ILIRIKA Investments a.d. Beograd