Amsterdam and Paris-based Trezy, a financial and cash flow management platform, announced on Thursday that it has raised €3M in a seed round of funding led by Seedcamp and Playfair.
Kima Ventures and Discovery Ventures also participated in the round.
The Franco-Dutch fintech says it will use the investment to support the growth of its customer base, expand its product offering to include features such as generative AI-enabled automation, and grow its teams in the Netherlands, France, and the UK.
The announcement comes a year after raising €1M from angel investors.
Quentin Lacointa, Co-Founder and CEO at Trezy, says, “69 per cent 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.
Trezy: Financial and cash flow management tool
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, which is currently operational in France, the Netherlands, and the UK, 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’s platform includes 14 million accounting entries and two million bank transactions.
Onboarding is automated, enabling new users to see their historic and future cash flows within 30 seconds.
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.
Seedcamp is Europe’s seed fund, identifying and investing from Angel rounds to Seed in world-class founders attacking large, global markets and solving real problems using technology.
The Seedcamp Nation includes 468 startups building breakout businesses, and includes UiPath, Wise, Revolut, Hopin, Sorare, Pleo, wefox, Grover, and viz.ai, along with fast-growing businesses such as Synthesia, Peppy, Sylvera, Appwrite, Ramp, and Buynomics
Felix Martinez, Principal at Seedcamp, says, “We are always on the lookout for solutions that can make a significant difference in the business world, and Trezy is undoubtedly one of them. Their cutting-edge technology that automates the enrichment and categorisation of bank transactions sets them apart in the financial management landscape. Bank transactions, being the main source of financial data today, often lack crucial information for actionable insights.”