# FINQware S.R.L.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/finqware-s-r-l

- Industry: Financial Services
- Headquarters: Bucharest, Romania
- Website: www.finqware.com
- Total disclosed funding: $0.9M
- Latest round: Seed (Jan 21, 2021)
- Investors on record: 2

## About

FINQware S.R.L. is a treasury automation company that provides innovative solutions for multi-entity organizations, focusing on real-time cash management and payment optimization through advanced Open Banking technology.Founded in 2017 in Bucharest, Romania, FINQware S.R.L. specializes in treasury automation for cross-border organizations. Cosmin Cosma, one of the co-founders, serves as the CEO. The company has raised a total of EUR 2.00 mn, with the most recent funding round occurring on June 19, 2023. The company has completed 4 deals to date and currently holds a valuation of EUR 13.75 mn.FINQware specializes in a treasury automation platform designed for multi-entity and cross-border organizations. Their primary offering, FinqTreasury, delivers real-time cash management, payments, collections, and reporting functionalities based on Open Banking principles. Additionally, FinqLink optimizes payment collections and enhances cash visibility via a unified API, integrating with all major European banks and supporting a multi-bank, multi-country, and multi-currency environment. Their solutions are tailored for CFOs, treasury departments, and accounting professionals across Central, Eastern, and Southern Europe, promoting improved financial reporting and reconciliation.In 2021, FINQware reported a revenue of EUR 75,064.20 and an EBITDA of EUR -565,101.90. Their revenue model is primarily subscription-based, allowing clients to utilize FinqTreasury and FinqLink for managing treasury activities and automating financial processes.Following a funding round on June 19, 2023, during which FINQware raised EUR 2.00 mn, the company plans to utilize this capital for international expansion. Specific markets and geographic regions targeted for growth have not been detailed, but the funding will strategically support their operational initiatives aimed at broadening their market presence.

## Funding rounds

- Seed, Jan 21, 2021, $0.6M — GapMinder Venture Partners, Elevator Ventures
- Seed, Jul 22, 2019, $0.2M — GapMinder Venture Partners
- Seed, Apr 12, 2018, $0.1M — GapMinder Venture Partners

## Investors

- GapMinder Venture Partners (https://capitalatlas.ai/funds/gapminder-venture-partners) — Seed
- Elevator Ventures (https://capitalatlas.ai/funds/elevator-ventures) — Seed