Trezy Secures $3 Million in Seed Round to Help SMEs Reduce Cash Flow Issues

                     image credit: tech.eu 

Trezy is a cash flow management and financial platform. It consists of a tool, which helps SMEs in cash flow forecasting. Additionally, Trezy is working on A.I. for automation of administrative tasks of data analysis and insight presentation.

In a seed round which is led by Playfair and Seedcamp, Trezy has secured €3 million. The two ventures kima and Discovey also contributed to the seed round.

Quentin Lacointa Co-Founder and CEO of Trezy said that " 69% of SME owners say they lose sleep at night because they worry about their cash flow. It’s their number one concern and with good reason. 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. 

“Accountancy software has really helped with day-to-day admin and compliance, but it doesn’t provide intelligent support for financial decision-making. This is where Trezy comes in and with this funding we will be able to further develop our platform to help achieve our vision of empowering small business owners on a global scale"

Felix Martinez who is a principal of Seedcamp said, " 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."

Playfair partner Henrik Wetter Sanchez said, " We are thrilled to support Trezy, a game-changing solution addressing the crucial need for real-time financial management in the SME landscape. Trezy's innovative approach to combining bank transaction data and accounting data, along with their AI-driven technology, has the potential to revolutionise the way businesses make informed financial decisions. We firmly believe in the vision and dedication of Quentin, Pierre, and their team, and we're excited to be a part of their journey to empower SMBs around the world."

Discovery Ventures' founding partner Stefan Jeschonnek said, "As someone who has been deeply involved in the fintech space, I am truly impressed by Trezy's innovative approach to financial management for SMEs. Their ability to seamlessly merge bank transaction data with accounting information, while automating enrichment and categorization, showcases their dedication to staying ahead of the curve. Trezy's technology has the power to revolutionise how businesses handle financial decision-making, allowing SMEs to focus on growth and development.”

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