Agicap raises $100 million because cashflow management service

French startup Agicap has raised a brand $100 million funding around led by Greenoaks. By today’s funding round, dee engineering has reached a appraisal of more than $500 million (€415 million). Agicap is building a service that lets you track your dollars flow in real time, build stories and get forecasts.

In addition to Greenoaks, existing property investors BlackFin Capital Partners yet Partech are also participating in you see, the round. It represents a key jump from last year’s $18 million Series The particular round from last year.

The basic premise among Agicap is quite simple. A large number of small companies rely on Microsof company Excel to figure out their resources position every week or each month. Instead of exporting. csv formats from your bank accounts, you can join up your bank accounts to Agicap for real-time monitoring. In the same way, Agicap has developed integrations with the help of accounting software and invoicing tools.

When you want to see in what way you’re doing when it comes to riches, you can connect to your Agicap account just like you’d helps you a web analytics service. Agicap tries to break down how much you know a person spending by category but branch. After that, you can do the job projections and make decisions by forecasts.

Structured specifically for small and medium business owners, Agicap has managed to encourage 3, 500 companies to take its service. They pay out a monthly subscription fee. Companies include Cityscoot, Meero, Pitié Handy, Ornikar and Adjust Burger.

Agicap is currently live in France, Germany, Spain, Italy and the Holland. France still generates 50 percent of the company’s revenue merely other markets are rising rapidly.

“This Series B comes at most moment in our development, ” co-founder and CEO Sébastien Beyet said in a proclamation. “It demonstrates our likely will to make Agicap the Hot spots leader in our market which will allow us to further accelerate today’s international presence, launching as 10 new countries into the coming months. ”

Following today’s support round, the company has some overzealous expansion plans. The company’s team has already grown provided by 30 employees to two employees over the last 12 months. Recently, it plans to build a very team of 1, 000 guarantee that within the next couple of years.

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