Trezy, an Amsterdam and Paris-based fintech company that provides financial and cash flow management platforms, has recently announced that it has secured €3 million in seed funding.
The round was led by Seedcamp and Playfair, with participation from Kima Ventures and Discovery Ventures, among others.
The funding will enable Trezy to accelerate its growth, expand its product offering, and strengthen its teams in the Netherlands, France, and the UK.
Trezy is focused on providing real-time financial performance insights through its AI-based platform. By leveraging smart classification of bank transactions, receipts, and invoices, Trezy offers a comprehensive view of financial data.
The platform combines accounting data with bank transaction data to deliver financial analysis and predictions regarding financial health.
Quentin Lacointa, Co-Founder and CEO at Trezy, says, “69 percent of SME owners say they lose sleep at night because they worry about their cash flow. With inflation reducing margins, economic conditions hitting growth, and financial processes becoming increasingly complicated, there is a huge burden on SMEs”.
“Our goal is to support business owners by giving them easy-to-access, real-time financial insights that will help them to manage their cash flow and, regardless of their financial literacy, make better decisions,” adds Lacointa.
The company aims to help 10 million small business owners globally by making automated financial predictions and insights available and understandable regardless of financial literacy.
Company: TREZY SAS
Raised: €3.0M
Round: Seed Round
Funding Month: June 2023
Lead Investors: Seedcamp and Playfair
Additional Investors: Kima Ventures and Discovery Ventures
Company Website: https://www.trezy.io/
Software Category: Financial and Cash Flow Management Platform
About the Company: Founded in 2020 by Quentin Lacointa and Pierre Houdyer, Trezy is a Franco-Dutch fintech that provides AI-driven financial and cash flow management tools to SMEs. The company provides real-time financial performance insights through AI-based classification of bank transactions, receipts, and invoices. The tool is designed to balance detail and abstraction, combining bank transaction data with accounting data to provide financial analysis and financial health predictions. The company is currently operational in France, the Netherlands, and the UK. Trezy’s platform includes 14 million accounting entries and two million bank transactions.
Source: https://siliconcanals.com/news/startups/amsterdam-paris-trezy-bags-1m/