Austrian fintech startup Helu picks up €9.8 million

Austrian fintech startup Helu.io has introduced in over €9.8 million in funding to construct a brand new method for European SMEs to handle monetary controlling, reporting, and budgeting.

The spherical was led by fintech specialists CommerzVentures, alongside tech-focused VC IRIS and early-stage investor Speedinvest.

The monetary reporting and due diligence administration platform had secured $5 million in seed funding in 2021. 

The brand new funding brings the corporate’s whole funding raised to about €14.8 million.

The startup will make the most of the brand new money infusion to develop its product providing with a finances planning module launched in 2023 to allow CFOs of SMEs to arrange a seamless expertise all through the budgeting, controlling, and reporting processes.

Many small companies throughout Europe are nonetheless manually constructing these excel sheets, merging accounting with non-financial information which means processes are slower and extra cumbersome than they must be. 

Based in 2020 by Franz Salzmann, the Vienna-based fintech helps CFOs and monetary managers of SMEs to automate monetary controlling and reporting processes.

With easy-to-use software program, Helu.io integrates into accounting software program, enabling firms to rework their advanced monetary information into particular person and easy-to-understand stories in a short while. Franz Salzmann, founder, and CEO of Helu.io, mentioned: “Monetary reporting and controlling remains to be an enormously handbook course of in all medium-sized firms worldwide. We wish to automate this work and make it attainable with only a few clicks. 

With this newest financing spherical, we will look ahead to attaining massive elements of our targets and proceed to set a brand new normal for this class.”

 

Learn extra on Tech Gist Africa:

Progress Intelligence picks up £1.5 million

Estonian well being tech Antegenes will get €2.3 million

UK-based BuiltAI increase £2 million

The publish Austrian fintech startup Helu picks up €9.8 million appeared first on Techgist Africa | Africa Main Tech Information, Evaluations and Suggestions.

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