Trezy, a fintech that uses AI to help small businesses manage cash flow, just raised $3.3 million with this 23-slide pitch deck
The company has brought in seed funding from Seedcamp and Playfair Capital.Trezy, a fintech startup that uses AI to help small businesses manage cash flow, has raised $3.3 million.
The Paris and Amsterdam-based company, founded in 2020, enables businesses to plug their bank accounts into its platform to provide analysis and financial health projections. Trezy also automatically identifies and categorizes payments while also tracking cash position in real-time as well as monitoring unpaid invoices.
"Our mission is to solve the problems that companies have around accounting processes which are moving too fast to solve in real-time," Trezy CEO Quentin Lacointa told Insider."I spent 10 years running restaurants so I know the pain points around customer and supplier payments, VAT, and managing cash flow."
In effect, Trezy's offering is designed to remedy the often opaque world of accounting and financial planning for small business owners. The startup has raised $3.3 million in seed funding in a round led by Seedcamp and Playfair Capital, with participation from Kima Ventures."It's their number one concern and with good reason.
The new funding will go towards expanding the company's offering in AI as well as growing its presence in The Netherlands and opening its business in the UK.
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