Agicap, an all-in-one treasury administration platform, has introduced a €45 million Collection C funding spherical led by AVP. This funding will help Agicap’s mission to increase its management throughout Europe and to place itself as the worldwide reference in midmarket treasury administration.
Since its founding in 2016, Agicap has pioneered options for treasury administration in small to medium-sized companies (SMBs) and midmarket firms, providing real-time insights into money movement and a set of instruments that simplify money administration. As financial uncertainty drives finance leaders to prioritise money forecasting, Agicap’s platform gives C-suite executives and finance groups with correct and actionable knowledge for managing money in complicated, multi-entity buildings.
Agicap’s latest survey, performed with Innofact, underscores the challenges midmarket firms face: 80% of European CFOs on this sector nonetheless depend on Excel-based processes for managing and forecasting money movement, with solely 41% conducting long-term money forecasts.
Clément Mauguet, Co-founder & Chief Growth Officer of Agicap stated: “In in the present day’s financial situations, the significance of money administration is paramount. Mid-market organizations have reached a stage of complexity that makes it difficult for them to handle and optimize their money technique correctly, given the necessity to observe numerous incoming and outgoing money flows throughout a number of entities with quite a few financial institution accounts and currencies. Agicap automates this complete course of, providing important insights in simply minutes.”
With a shopper base exceeding 8,000 firms, Agicap streamlines money movement knowledge consolidation by means of direct financial institution connectivity, ERP integration, and a broad community of real-time APIs. This connectivity empowers companies to optimise liquidity administration and scale back inefficiencies in spending, debt, collections, and fee methods.
“Midmarket firms lose a median of €450k yearly on overdraft charges and monetary earnings because of inefficient money administration. Agicap’s function is to carry this determine near zero,” stated Sébastien Beyet, Co-founder & CEO of Agicap.
Following its Collection B spherical in 2021 led by GreenOaks Capital, Agicap has scaled quickly, increasing its operations into Germany, Italy, the UK, Eire, and Spain. The corporate has elevated its income by 7x, launched automation options for accounts payable and receivable, and is projected to attain optimistic money movement in Europe by early 2025.
The brand new Collection C funding will allow Agicap to deal with three key initiatives:
- Strengthening European Management: Agicap plans to increase its gross sales and buyer success groups throughout Europe, with a deal with rising outdoors of France, the place worldwide shoppers already contribute greater than 50% of its income.
- Enhancing Product Capabilities: The corporate will deepen its treasury administration product choices, including modules for FX threat and credit score administration to fulfill the evolving wants of midmarket shoppers.
- Increasing Market Attain: Agicap will construct oblique gross sales channels by means of partnerships with treasury administration and methods integration corporations to broaden its shopper base.
For AVP, this funding spherical is the primary funding from its new €1.5 billion late-stage fund aimed toward supporting high-growth know-how firms in Europe and the U.S.
Warda Shaheen, Common Accomplice at AVP, stated: “We’re thrilled to put money into the distinctive workforce at Agicap as they proceed on their path to change into the following technology world Treasury Administration System. Agicap has the best-in-class know-how, deepest product providing with the best accuracy. We have been totally impressed by the product-driven tradition, sturdy buyer references, speedy progress and seamless potential to scale in several markets. We look ahead to being a long-term companion of Agicap as they proceed on their world enlargement journey.”
