Europe funding round-up: DJUST, Apron, Trezy and more
This week’s handy Friday funding round-up includes five Europe-based fintech start-ups: DJUST, Apron, Trezy, Omnevue and ID Finance.
France-based DJUST, a B2B e-commerce Software-as-a-Service (SaaS) platform, has raised €12 million in a Series A funding round led by New Enterprise Associates, with participation from Elaia Partners.
Founded in 2020, DJUST’s platform caters to B2B customers, enabling distributors, retailers and manufacturers to have full visibility of orders, processes and deliveries, provide data insights, digitisation of manual processes and front-end customisation.
With the fresh funding, DJUST plans to expand into markets across Europe, UK and US and invest in developing solutions for its core product.
UK-based payments start-up Apron has secured $5.5 million in seed funding, led by Bessemer Venture Partners, with participation from Visionaries Club and the founders of Melio and Klarna.
Apron lands $5.5m funding
Founded in 2022, Apron aims to cater to small businesses, allowing them to sort, pay and reconcile invoices “in seconds”.
Businesses can set up shop with Apron in three minutes and start handling invoices, batch pay suppliers, smoothen approvals and automatically reconcile payments across 150+ countries and over 30 currencies.
With the funding, Apron plans to grow its team, develop its product offering to turn it into an end-to-end accounts payable solution, and solidify its hold in the UK market before expanding into Europe.
France and Netherlands-based fintech Trezy has secured $3 million in seed funding from Playfair Capital, Seedcamp and Sumup.
Founded in 2021, Trezy leverages AI to help small and medium-sized enterprises (SMEs) streamline financial management. Its platform combines bank transaction data, accounting information, and AI-driven insights to provide real-time financial support.
With the seed funding, Trezy plans to expand into Europe by the end of 2024, make financial information accessible to all business owners on its platform, and automate the generation of financial insights, including industry comparisons with specific regions.
UK-based ESG accounting start-up Omnevue (formerly ESGgen) has raised $3.1 million in seed funding.
Omnevue raises $3.1 million seed
The funding round was led by Elbow Beach Capital and Pi Labs, with participation from Zone2boost (an open innovation programme and investor created by CaixaBank, Global Payments and Ingenico), and a number of angel investors.
Launched in April 2021, Omnevue aims to become the “QuickBooks for ESG”. Its platform connects to a company’s financial, HR and other data sources before collecting, analysing and generating reports aligned to international accounting standards. It claims to have onboarded hundreds of companies since launch, including LendInvest, Goodlord, Zeelo and others.
Omnevue is soon to launch a fully automated, real-time business CO2e estimator tool called ‘VueCO2e’, allowing UK and EU businesses to view and report their CO2e impacts securely by connecting their bank account – for under £5 per month.
Spanish fintech ID Finance has launched its third crowdfunding round on Crowdcube.
The round is open to existing shareholders, clients and European retail investors to participate in the €30 million equity round that was recently closed with UK asset manager Kingsway Capital.
ID Finance has also closed a $30 million debt agreement with US asset manager SR Alternative Credit (an affiliate of Spouting Rock Asset Management, LLC.) to reinforce its business in Mexico.
The funds raised in the new round will be deployed towards the roll out and expansion of ID Finance’s financial wellness app Plazo in Southern Europe and Latin America.
The previous two crowdfunding rounds brought in nearly €8.9 million in equity for ID Finance.
