Berlin-based fintech startup Denario raises €1.3m to automate B2B payments experience for small businesses

Berlin-based fintech startup Denario raises €1.3m to automate B2B payments experience for small businesses

Published: 11-01-2022 12:35:00 | By: Pie Kamau | hits: 3972 | Tags:

Berlin-based fintech startup Denario announced the closing of €1.3 million venture funding led by 468 Capital, with participation from Presight Capital and MPGI, all of whom have deep experience in the B2B fintech space.

Most businesses find it difficult to keep track of where their money is at between their bank accounts and other finance tools. They somehow find their way through various tools while managing their internal teams, business partners, and external accountants. The level of complexity is especially high in monthly accounts payable and receivable where bank and card transactions have to be linked to their associated bills and cost centres, records have to be mapped to the right accounting entry and reporting often has to happen on a monthly basis in order to declare taxes. This is why Denario is creating an experience that automates all of the above. A software that allows its users to simply write the words: “pay my bills” and then takes care of everything else without any need for additional information.

www.denario.io