Trezy, a Paris-based financial and cash flow management platform, has raised €3 million in seed funding led by Seedcamp and Playfair, with participation from Kima Ventures and Discovery Ventures. The Franco-Dutch fintech platform, currently available in France, the Netherlands, and the UK, uses AI-based classification of bank transactions, receipts, and invoices to provide real-time financial performance insights and financial health predictions to SMEs. With the funds, Trezy plans to expand its teams in the Netherlands, France, and the UK, grow its customer base, and introduce generative-AI-enabled automation features. Trezy’s platform is built on 14 million accounting entries and two million cash transactions, and its predictive tool Smart Forecasts enables automatic projection of cash flow into the future.
According to Quentin Lacointa, Co-Founder and CEO at Trezy, 69% of SME owners are troubled about their cash flows, making it their primary concern. Despite the growth of accountancy software to handle day-to-day admin and compliance, it does not offer smart support for financial decision-making. Trezy, therefore, fills this need by providing SMEs with real-time financial insights that improve their cash flow management and decision-making irrespective of their financial literacy. Trezy’s goal is to support business owners globally.
Founded in 2020, Trezy is building an AI-driven technology that automates data analysis and the presentation of insights, allowing business owners to act from business questions quickly. Commenting on Trezy’s financial management technology, Felix Martinez, principal at Seedcamp, said it is a cutting-edge solution that can make a significant difference in the business world. Henrik Wetter Sanchez, partner at Playfair, said they are excited to be a part of their journey to empower SMBs all over the world. Trezy has previously raised funds from investors, including Ventures Together and the Co-Founder of Gumtree, Michael Pennington, among others.
