Agicap, an all-in-one treasury administration platform, has introduced a €45 million Collection C funding spherical led by AVP. This funding will help Agicap’s mission to broaden its management throughout Europe and to place itself as the worldwide reference in midmarket treasury administration.
Since its founding in 2016, Agicap has pioneered options for treasury administration in small to medium-sized companies (SMBs) and midmarket firms, providing real-time insights into money circulation and a collection of instruments that simplify money administration. As financial uncertainty drives finance leaders to prioritise money forecasting, Agicap’s platform supplies C-suite executives and finance groups with correct and actionable information for managing money in advanced, multi-entity buildings.
Agicap’s current survey, performed with Innofact, underscores the challenges midmarket firms face: 80% of European CFOs on this sector nonetheless depend on Excel-based processes for managing and forecasting money circulation, with solely 41% conducting long-term money forecasts.
Clément Mauguet, Co-founder & Chief Enlargement Officer of Agicap mentioned: “In at present’s financial situations, the significance of money administration is paramount. Mid-market organizations have reached a stage of complexity that makes it difficult for them to handle and optimize their money technique correctly, given the necessity to observe numerous incoming and outgoing money flows throughout a number of entities with quite a few financial institution accounts and currencies. Agicap automates this whole course of, providing essential insights in simply minutes.”
With a consumer base exceeding 8,000 firms, Agicap streamlines money circulation information consolidation via direct financial institution connectivity, ERP integration, and a broad community of real-time APIs. This connectivity empowers companies to optimise liquidity administration and cut back inefficiencies in spending, debt, collections, and cost methods.
“Midmarket firms lose a median of €450k yearly on overdraft charges and monetary revenue on account of inefficient money administration. Agicap’s objective is to carry this determine near zero,” mentioned Sébastien Beyet, Co-founder & CEO of Agicap.
Following its Collection B spherical in 2021 led by GreenOaks Capital, Agicap has scaled quickly, increasing its operations into Germany, Italy, the UK, Eire, and Spain. The corporate has elevated its income by 7x, launched automation options for accounts payable and receivable, and is projected to attain constructive money circulation in Europe by early 2025.
The brand new Collection C funding will allow Agicap to concentrate on three key initiatives:
- Strengthening European Management: Agicap plans to broaden its gross sales and buyer success groups throughout Europe, with a concentrate on rising outdoors of France, the place worldwide purchasers already contribute greater than 50% of its income.
- Enhancing Product Capabilities: The corporate will deepen its treasury administration product choices, including modules for FX threat and credit score administration to satisfy the evolving wants of midmarket purchasers.
- Increasing Market Attain: Agicap will construct oblique gross sales channels via partnerships with treasury administration and methods integration companies to broaden its consumer base.
For AVP, this funding spherical is the primary funding from its new €1.5 billion late-stage fund aimed toward supporting high-growth expertise firms in Europe and the U.S.
Warda Shaheen, Normal Accomplice at AVP, mentioned: “We’re thrilled to spend money on the distinctive crew at Agicap as they proceed on their path to grow to be the subsequent era world Treasury Administration System. Agicap has the best-in-class expertise, deepest product providing with the very best accuracy. We have been completely impressed by the product-driven tradition, robust buyer references, speedy progress and seamless capacity to scale in several markets. We sit up for being a long-term companion of Agicap as they proceed on their world enlargement journey.”
