Spain-based Holded secured $1.6m round led by Nauta

Business management company Holded has secured a $1.6m equity round from Nauta Capital.

Founded in 2016, the company supports small businesses with accounting, billing, client management, project management and inventory in a single platform. The company also offers integrations which can automate various transactions including payment processing, bank statement reconciliation, and sales data synchronisation with e-commerce platforms such as Amazon.

Spain-based Holded launched last year and has acquired over 10,000 users in this period. The platform helps to automate more than half of administrative tasks, with bank statement syncing, cashflow, interative reports and accounting, according to the company.

Equity from the round will be used to support the product development, marketing efforts and its expansion in to new international markets.

Holded co-founder and co-CEO Javi Fondevila said, “We have exceeded our expectations. During the first year, we expected to work on the product and understand the market, but the commercial traction has been exceptional, with more than 50% of our clients coming from referrals – users are our biggest fans. This shows that Holded adds real value to small businesses and that the market needs us.”

Late last year, Nauta Capital led the ?1.6m seed round in to UK-based barcode scanning payment platform MishiPay. The company hopes the funding will support its growth and the launch of its platform across Europe.

Earlier in the month, Spain-based cyberthreat intelligence company Blueliv closed a ?4m investment led by Vento.

Copyright ? 2018 FinTech Global

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