French fintech startup Agicap raises €15M funding round led by Partech



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Founded in 2016 by three entrepreneurs from Lyon, Agicap develops and sells a SaaS platform for SMBs to manage and forecast their cash flows. The French fintech company has raised €15M in a round led by Partech. Existing investors BlackFin Capital Partners and Kima Ventures also participated in the round.

This financing round comes 7 months after BlackFin led the company’s €2.4M seed round. Lyon-based SaaS company will use the funding to strengthen its product and grow its sales team to meet the increasing demand for its core offering. 

Sébastien Beyet, CEO of Agicap:

“Our goal is really to create a tool for running a business using cash flow data. This is very different from how SMBs tend to operate today.”

On top of that, the financing will help the company’s roadmap for launching new features and bringing more hands on deck to help entrepreneurs involves expanding from 30 to 100 employees in the next year.

Sébastien Beyet added:

“Managing cash has become even more important as a result of the crisis. Entrepreneurs can use Agicap to monitor the impact of the crisis on a day-to-day basis and respond to different scenarios (long-term vs. short-term crisis, partial restart, etc.) with appropriate actions. Our tool can help reduce the stress entrepreneurs are dealing with and allow them to regain control over the situation.” 

Simple, intuitive interface!

Agicap’s software gives small and medium-sized business owners real-time visibility over their cash via a simple, intuitive interface. 

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By integrating not only bank account data but also data from accounting and factoring tools, CRMs, ERPs, and POS systems, the SaaS platform offers an exhaustive, up-to-date view of a business’s cash position.

Philippe Collombel, General Partner at Partech:

“Agicap’s mission is particularly inspiring. They give SMBs a powerful tool for running their business by focusing on the #1 concern of most business owners: cash.” 

Moreover, Agicap has developed a proprietary classification technology that automatically categorizes inbound and outbound cash flows and generates base-case forecasts. 

Antony Giordano, Co-founder of Père & Fish:

“For restaurant owners, Agicap is the crystal ball we’ve been waiting for. With Agicap, my data is automatically entered and updated…I can make forecasts, evaluate investment options, and be reassured about my cash flows for the coming months.”

Works with clients from various industries!

Both the labels Agicap’s system creates and the forecasts it produces can be fully customized, giving business owners complete control over how they monitor their cash and making the process of predicting future shortages less painful.

Many of Agicap’s 2,000 existing clients operate in industries severely affected by the crisis: hotels and restaurants, transportation, shops, industrial businesses, etc. 

Apart from SMEs, the company also works with franchises like McDonald’s, Burger King, Ibis, Mont Blanc, and Best Western, as well as investor-backed startups like Cityscoot and Ornikar.

Gabrielle Thomas, Investment Manager at BlackFin:

“We are very happy to continue backing Agicap, which provides a simple, intuitive, remotely accessible tool to the small and medium-sized business owners at the front lines of the crisis who are fighting to keep the economy going. Thanks to PSD2, Agicap offers them exceptional agility, staying more on-the-ground than ever.”

Main image credits: Cliqz

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The editorial team of Silicon Canals brings you technology news from the European startup ecosystem. 

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