# Dyme

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dyme-b-v

- Industry: Software
- Headquarters: Amsterdam, Netherlands
- Website: www.dyme.app
- Total disclosed funding: $0.7M
- Latest round: Seed (Aug 27, 2019)
- Investors on record: 2

## About

Dyme B.V., based in the Netherlands, is a software company that specializes in financial management solutions, providing users with tools to manage their income and expenses efficiently through its app.Founded in 2018 and headquartered in Amsterdam, Netherlands, Dyme B.V. has developed a financial management application that simplifies budgeting and expense tracking for users. The company was established by David Knap, David S, Joran Iedema, and Wouter Florijn, with Joran Iedema currently serving as CEO. Dyme has successfully completed 4 deals and recently raised EUR 0.60 mn in a Seed round led by Peak, with participation from Innovatiefonds Noord-Holland. This latest funding round brings the total amount raised by the company to EUR 0.60 mn.Dyme offers a comprehensive financial management application designed to give users an integrated view of their income and expenses. Its core functionality includes automatic organization of fixed contracts, subscription management, and personalized financial advice aimed at enhancing users' financial well-being. By consolidating multiple bank accounts and subscriptions onto a single interface, Dyme enables users to easily track their spending and identify unnecessary costs, such as unutilized subscriptions. Since its launch in 2018, the app has attracted over 500,000 users in the Netherlands, primarily individuals aiming to optimize their financial management.Dyme generates revenue through a combination of service fees and commissions. The primary revenue streams include a commission structure where the company charges 30% of the annual savings achieved when Dyme negotiates contracts on behalf of users. Additionally, users can access enhanced functionalities through two premium membership tiers, Dyme Premium Silver and Gold, which incur a fee. The basic version of the app remains free, enabling Dyme to attract a wide user base while monetizing through value-added services and negotiated savings on fixed costs.Dyme B.V. plans to enhance its offerings by launching new financial management features and expanding into additional markets beyond the Netherlands. The recent funding raised will be directed towards developing these new products and facilitating market expansion. The company aims to increase its user base and improve its service capabilities, focusing on meeting the growing demand for effective personal finance management solutions.

## Funding rounds

- Seed, Aug 27, 2019, $0.7M — Peak, Innovatiefonds Noord-Holland

## Investors

- Peak (https://capitalatlas.ai/funds/peak) — Seed
- Innovatiefonds Noord-Holland (https://capitalatlas.ai/funds/innovatiefonds-noord-holland) — Seed