Agicap raises €45m Series C for treasury management

SaaS Agicap has raised a €45m Series C funding round led by AVP. Its software the C-suite and finance teams with visibility into current, historical and projected cash flow data for better treasury management.

The funding will be used for investment in its product, people, and growth initiatives for example expanding sales and customer success teams, especially outside of France and ensuring its software addresses the needs of midmarket firms.

Agicap secured Series B funding in 2021, led by GreenOaks Capital and has expanded into 4 regions (DACH, Italy, UK & Ireland, Spain) since then. 

It currently serves 8,000 companies by simplifying the consolidation of cash flow data through unique and direct bank connectivity (via local protocols, an extensive network of real-time APIs and Swift) as well as integration with ERPs, finance and other business enablement tools. The platform also offers actionable levers to improve cash performance and simplify liquidity management with optimized payment strategies, customer collections, debt and investment management, spend management and more.

Co-founder & Chief Expansion Officer Clément Mauguet commented:“In today’s economic conditions, the importance of cash management is paramount. Mid-market organizations have reached a level of complexity that makes it challenging for them to properly manage and optimize their cash strategy, given the need to track countless incoming and outgoing cash flows across multiple entities with numerous bank accounts and currencies. Agicap automates this entire process, offering critical insights in just minutes.”

“We are thrilled to invest in the exceptional team at Agicap as they continue on their path to become the next generation global Treasury Management System. Agicap has the best-in-class technology, deepest product offering with the highest accuracy. We were thoroughly impressed by the product-driven culture, strong customer references, rapid growth and seamless ability to scale in different markets. We look forward to being a long-term partner of Agicap as they continue on their global expansion journey.” added Warda Shaheen, General Partner at AVP.