Franco-Dutch fintech Trezy has a predictive tool which delivers smart forecasting of cash flow to SMEs. The firm is leveraging generative AI technology to further automate the administrative tasks of data analysis and insights.
Trezy has just raised a €3 million Seed funding round which was led by Seedcamp and Playfair and includes Kima Ventures and Discovery Ventures.
"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," says Stefan Jeschonnek, Founding Partner at Discovery Ventures (and a co-founder of SumUp).
Founded in 2020 by Quentin Lacointa and Pierre Houdyer, Trezy's funding will fuel the growth of its customer base, the expansion of its generative AI powered product offering and the grow its teams in the Netherlands, France and the UK.
“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," says Lacointa. "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." he adds.
Main image: Trezy founders Quentin Lacointa and Pierre Houdyer.
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