Milan-based fintech Sibill has secured €6.2M, which will be used to further developments of its payments platform. The funding was raised across two tranches.
Sibill launched its product in 2023. Their software comprises a suite of tools that streamline e-invoicing, cashflow management, payment scheduling, and end-of-month reconciliation in order to enable smoother cooperation between SMBs and their accountants.
The Italian market is unique as all B2B and B2G invoicing flows are required to be digital, providing strong tailwinds for a product like Sibill’s to serve over 4 million Italian companies.
Keen Venture Partners, Founders, and Exor Ventures participated in the round.
“Sibill was born to disrupt a huge market that’s lacked proper innovation for years. We saw a huge opportunity for modern software to disrupt the FinOps market and for Sibill to become the Italian champion. Taking over the biggest SMB market in Europe is a challenging and exciting task well worth dedicating our efforts to.” commented Mattia Montepara, CEO and co-founder of Sibill.
“Keen Venture Partners is thrilled to back the Sibill team on their quest to simplify the financial operations of Italian SMBs. With such strong uptake and growing customer count, it’s clear their tech meets a critical need and helps small businesses to thrive in an increasingly digital world.” said Briehan Burke, General Partner at Keen Venture Partners.
This week we tracked more than 50 tech funding deals worth over €266 million, and over 10 exits, M&A transactions, rumours, and related news stories a
August was the slowest month YTD, with over €1.9 billion raised in some 203 deals. This figure represents a decrease of around 60 per cent compared to the pr
German fitness startup 7NXT, owner and operator of Gymondo and 7Mind, is acquiring Buddyfit. Founded in 2019 and headquartered in Genoa, Buddyfit offers online
Reonic, a climate tech SaaS startup focused on enabling the deployment of sustainable energy solutions across Europe, today announces that it has raised a €1