Estonian Enty raises €700,000 Seed for financial SaaS

Talinn-based fintech Enty has raised a €700,000 seed round. 

Enty provides financial and invoice management and contract development and management to SMEs on a subscription basis, ensuring compliance with EU, EEA and UK local regulations. In the last 3 years, over 2,500 European SMEs have been onboarded, leading Enty to hit €1 million in ARR in 2023. 

In 2024, Enty is focusing on making substantial progress in its pursuit of becoming the industry standard for back-office operations in Europe. The funding round highlights the growing confidence investors place in Enty's potential to revolutionize the back-office processes market for European SMEs.

The funding was provided by TMT Investments, a tech investment company quoted on the Alternative Investment Market (AIM) of the London Stock Exchange, Trado Capital, a Finnish tech investment vehicle, and a group of angel investors.

"Turbo-charged entrepreneurs don’t want to be dragged down by highly time consuming but essential back office tasks."commented Kirill Zheleznov, CEO and co-founder. "Enty’s focus from day one on achieving product market fit has led us to identify the top requirements for SMEs: having all their back office operations on a single platform, whether it is invoicing, contract management, or cash flow modelling. Simplicity of use, delivered through an all-in-one platform, is what’s driving Enty’s growth. We are thrilled with the success of this funding round, which validates Enty’s approach and the strength of its vision."

“With over 2,500 clients onboarded, Enty has proven it is clearly meeting a market need. As an investor, we were deeply impressed by Enty’s team and its resilience and ability to execute in high-growth environments. Enty has hit a sweet spot for European entrepreneurs, making it one of the most attractive options available for SMEs wanting to save time and boost efficiency. The  new investment will enable Enty to accelerate growth, enhance its product offering, and expand reach to all European markets and we look forward to charting its progress," said Alexander Selegenev, Executive Director of TMT Investments Plc, which led the round."