Finland’s FinanceKey raises €3M to replace outdated corporate finance tools with real-time automation

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Helsinki-based FinanceKey, a fintech company, has announced a €3M seed funding round. The funding will be used to grow its client base, enter new markets, and increase development of automated enterprise treasury systems.

The round was led by Maki.vc, a Helsinki-based VC firm, with additional support from First Fellow Partners, an existing investor.

Kim Groop, Partner at First Fellow Partners, says, “FinanceKey is building the kind of infrastructure every treasury team wishes they had, clean, reliable and easy to integrate. They’re not just adding a layer of visibility; they’re simplifying the entire treasury backbone.”

Real-time cash management & payment automation

FinanceKey is addressing common challenges in enterprise treasury operations by offering a unified platform that connects banking, ERP, and treasury systems. 

The platform standardises financial data and automates payment processes, helping finance teams gain real-time visibility and reduce manual work. It can be used on its own or integrated with existing systems without additional development.

Founded by former Nokia treasury leaders Veikko Koski, Macer Skeels, Tiago Batista, and Rony Meyer, FinanceKey aims to improve how finance teams manage liquidity, forecast, and respond to market changes. 

The company has already automated over €1.5B in payments and supports multinational clients such as Nors, Bravedo, and Obton. These clients have reported up to €1M in annual savings through automation. 

According to a statement by FinanceKey, the treasury management software market is expected to grow significantly by 2030, with broader financial operations presenting a larger opportunity.

Capital utilisation

The funds will support FinanceKey’s product development, team expansion, and growth across Europe. It will also advance the company’s efforts to improve global treasury infrastructure.

Veikko Koski, CEO of FinanceKey, says, “We’ve seen firsthand how disconnected systems and repetitive manual workflows slow finance teams down, they deserve better tools – ones that unify fragmented data and free them to focus on strategic decisions. This funding lets us scale a platform already driving results for top-tier enterprise clients.”

“Treasury teams are turning to FinanceKey because we’re not just patching over old problems – we’re tearing up the rulebook. We’re reimagining how treasury works, with a platform that lets teams move faster, adapt freely, and evolve without limits,” adds Macer Skeels, CTO and co-founder of FinanceKey.

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Vishal Singh

Vishal Singh is a News Reporter and Social Media Marketing Lead at Silicon Canals. He covers developments in the European startup ecosystem and oversees the publication's social media presence. Before joining Silicon Canals, Vishal gained experience at the Indian digital media outlet Inc42, contributing to its growth with insightful content. Despite being a college dropout, his passion for writing has driven his career in journalism.

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