Trezy, an AI-driven FinTech company, is steadfastly committed to revolutionising the financial management experience for small and medium-sized enterprises (SMEs) across the globe.
Recently, Trezy successfully secured a seed funding round of $3m. This funding round attracted prominent investors like Playfair Capital, Seedcamp, and Sumup’s Co-founder, Stefan Jeschonnek.
Trezy is designed to simplify financial management for SMEs. Leveraging AI technology, Trezy combines data from bank transactions and accounting records to offer real-time financial insights.
The company aims to eliminate the need for business owners to grapple with complex forecasting or wait for end-of-year reports. By classifying bank transactions, receipts, and invoices smartly, Trezy offers an easy-to-use platform for financial forecasting and cash flow management. Their platform integrates seamlessly with the tools businesses use for accounting and invoicing, enabling their algorithm to continuously learn and adapt.
With this seed funding, Trezy plans to expand their reach across Europe by the end of 2024. They are dedicated to making financial information accessible to all business owners, regardless of their financial expertise.
Additionally, Trezy is determined to innovate their platform by fully automating the generation of financial insights. This includes industry comparisons within specific regions to aid SMEs in gaining a deeper understanding of their performance and competitive landscape.
Trezy’s mission is not only about individual businesses but the overall health and growth of the global economy. As SMEs represent 95% of businesses worldwide, Trezy’s achievements and services contribute significantly to this global landscape.
Playfair Capital partner Henrik Wetter Sanchez expressed his enthusiasm about the investment, saying, “We at Playfair Capital are thrilled to support Trezy, a game-changing solution addressing the crucial need for real-time financial management in the SME landscape.”
Felix Martinez, Principal at Seedcamp, lauded Trezy for its innovation, saying, “Their cutting-edge technology that automates the enrichment and categorisation of bank transactions sets them apart in the financial management landscape.”
Co-founder of Sumup, Stefan Jeschonnek, was similarly enthusiastic, remarking, “Trezy’s technology has the power to revolutionise how businesses handle financial decision-making, allowing them to focus on growth and development.”
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global
