Italian fintech Sibill has closed a €12 million Series A funding round led by Creandum, with participation from Keen Venture Partners and other Italian and international business angels. This round brings the company’s funding to €18.7 million.
Founded in 2021 by Mattia Montepara, Lorenzo Liguori, and Dario Prencipe, Sibill simplifies the administrative and financial management of Italian SMEs by centralising invoices, payments, and deadlines in a single platform.
By integrating banking cashflows and the Angenzia delle Entrate’s exchange system, Sibill leverages AI to automate most manual tasks, providing real-time visibility of cashflow, helping businesses save time, keep their accounts organised, and make fast, accurate decisions.
The company serves over 2,600 clients across Italy, helping entrepreneurs save an average of 5 hours per week. With a team of 50+ people, it aims to double in size by the end of 2025.
According to Mattia Montepara, CEO and co-founder of Sibill, the capital increase will enable the company to strengthen the development of our platform, introduce new features, and build a network of strategic partnerships to support our growth.
“All the funds will be invested in Italy, where we see a huge opportunity: we know the reality of Italian SMEs, their challenges and potential, and we believe that — with the right tools — they can become significantly more productive and competitive.”
“The combination of large market size and legacy incumbents offering a poor user experience creates a massive opportunity for Sibill,” said Johan Brenner, General Partner at Creandum.
“This is the first of no doubt many more investments we will make in Italy as the tech ecosystem continues to grow. As part of our portfolio, Sibill joins many of Europe’s leading technology firms, including Spotify, Klarna, Trade Republic, Lovable and many more.”
Lead image: Sibill. Photo: uncredited.
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