The finance data sharing integration platform for small businesses, Aurelia, has raised £2.2m in a seed funding round led by Blossom Capital. Other investors in this round include Guillaume Pousaz, founder and CEO of Checkout.com and Erez Mathan of GoCardless.
Co-founded by Sebastian Trif, Aurelia plans to allow SMEs across Europe to run their finances more efficiently through providing better control over taxes, cash flow, online transactions, invoices, payroll and expenses. Aurelia’s offering is still in beta and they plan to use the funding to help their platform go live in Romania, Estonia, Germany and the UK.
Dubbed the “IFTTT for financial admin”, the platform has the potential to give a much-needed injection of innovation into the SME finance space. Co-founder, Sebastian Trif said,
“We see lots of fintech apps and banks that try to capture everything a business has but many small businesses aren’t keen on moving their company’s financial life into a new product. Instead, business owners want a platform that can simplify what it means to run a business, so it should be as simple as checking your email. With Aurelia, we allow people to bring together the software and tools they are using already, give them an overview of what’s happening across these different platforms, and start automating on top of it. We’re excited for people across Europe to get to experience Aurelia and start automating repetitive financial tasks, so they can reclaim their time and focus on what they need to do to grow their business.”