Trezy, a Paris and Amsterdam-based fintech start-up, has secured $3.3m in seed funding from investors including Playfair Capital and Seedcamp to expand its business operations in the UK and bolster its AI capabilities. The company, established in 2020, provides small and medium-sized businesses with an automated platform that manages cash flow analysis and financial health projections. Users can connect their bank accounts to Trezy and access real-time cash position data, identifying and categorising payments as well as monitoring unpaid invoices.
CEO Quentin Lacointa, who has experience running restaurants, said the start-up aimed to solve the often opaque world of accounting and financial planning for SME owners. He added that cash flow is a leading concern and that the vast majority of business owners lose sleep over it. Trezy’s new funding will also support growth in The Netherlands.
Frequently Asked Questions (FAQs) Related to the Above News
What is Trezy?
Trezy is a fintech start-up based in Paris and Amsterdam that provides automated cash flow management and financial health projections for small and medium-sized businesses.
What kind of funding did Trezy recently secure?
Trezy recently secured $3.3 million in seed funding from investors, including Playfair Capital and Seedcamp.
What will Trezy use the funding for?
Trezy plans to use the funding to expand its business operations in the UK and The Netherlands, as well as to bolster its AI capabilities.
How does Trezy help SMEs with cash flow management?
Trezy allows users to connect their bank accounts to the platform and access real-time cash position data. It also identifies and categorizes payments and monitors unpaid invoices.
Who is the CEO of Trezy?
The CEO of Trezy is Quentin Lacointa, who has experience running restaurants and aims to solve the often opaque world of accounting and financial planning for SME owners.
What is the leading concern for business owners that Trezy aims to solve?
According to CEO Quentin Lacointa, cash flow is the leading concern for business owners, and the vast majority lose sleep over it. Trezy aims to provide a solution for this issue.
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