Trezy, a Franco-Dutch FinTech platform centred on facilitating cash flow management for SMEs, has scored €3m in a seed raise.
The funding round was spearheaded by Seedcamp and Playfair, with participation from Kima Ventures and Discovery Ventures. This injection of capital bolsters Trezy’s financial position as it seeks to continue making its mark on the FinTech sector.
Trezy’s core function centres on a financial and cash flow management platform designed specifically for SMEs. By leveraging cutting-edge technology, the company empowers businesses to navigate their financial landscapes with greater ease and precision.
The fresh funds are earmarked for several key developments within Trezy. Primarily, the company intends to enhance its customer base growth and expand its product portfolio. New features, including generative AI-enabled automation, are slated for development, augmenting the platform’s capabilities. Moreover, Trezy plans to fortify its teams in the Netherlands, France, and the UK to sustain its growth trajectory.
The company made a notable announcement just one year prior, having raised €1m from angel investors. This previous round of funding served as a catalyst, enabling the fledgling FinTech company to pave its way in a highly competitive sector.
Quentin Lacointa, co-founder and CEO at Trezy, shared his insights on the challenges SMEs face. He said, “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.”
Lacointa added, “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.”
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