Antwerp-based fintech startup POM, which develops payment solutions to simplify invoice processing, has raised €830,000 in new capital. Investors in the financing round include Be Angels and BAN Vlaanderen, as well as existing shareholders including the management of POM and B2BOOST, and business angels Jean-Marc Toussaint and Steve Vantorre. The total capital raised by POM now amounts to €1.9 million.
POM will use the new funds to accelerate its growth in Belgium as well as internationally, and to expand the company's range of services to be able to anticipate rapidly changing market conditions.
"This additional investment from Be Angels and BAN Vlaanderen strengthens our go-to-market plans and allows us to further refine our invoice payment solutions," said Johannes Vermeire, co-founder and CEO of POM. "In this way more and more people will be able to enjoy the ease of paying via POM and will be redeemed from time-consuming paperwork. Accounts receivable departments will also be able to greatly benefit from this.”