Trezy Secures $3 Million in Seed Funding

The state of play today

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At Trezy, we understand the challenges faced by small and medium-sized enterprises (SMEs) when it comes to financial management. The sleepless nights caused by cash flow concerns are all too familiar, with 69% of SME owners acknowledging this ongoing struggle. Furthermore, research by SCORE reveals that only 40% of small businesses are profitable, while 30% break even and another 30% consistently lose money. It's clear that effective financial management tools are urgently needed to address these issues.

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But the current tooling just doesn’t cut it. Bookkeeping software is cumbersome, slow and built for expert accountants, not business owners. Existing cash flow tools lack intelligent features and in general provide reports - not insights. From the 100s of conversations we’ve had with small business owners this year we know that can be overwhelming - not useful.

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We believe that AI-driven financial advice is the key to small business success. By developing a platform that takes our users from a question to valuable insights with ease, we aim to provide the answers and support that SMEs require to thrive in today's dynamic business landscape.

Our vision: Empowering small businesses on a global scale

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Trezy's ultimate vision is to partner with 10 million small business owners worldwide and help them steer their companies towards success. By leveraging our advanced technology and AI-driven insights, we strive to simplify financial management and overcome the challenges that hinder growth in the competitive business world.

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Our mission extends beyond individual businesses.Given the fact that SMEs represent 95% of businesses worldwide, we can contribute to the overall health and growth of the global economy. Trezy's recent achievement of securing $3 million in seed funding brings us closer to realising this vision.

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No CFO? No worries!

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At Trezy, we believe in streamlining financial management for business owners. Our mission is to empower entrepreneurs by providing them with real-time financial insights that enables them to focus on financial decision-making, rather than getting caught up in complex forecasting and manual processes.

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With our platform, business owners can bid farewell to outdated methods like Google Sheets and Excel for financial forecasting. Gone are the days of waiting for end-of-year reports to gain insights into their financial health.

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Our powerful financial forecasting and cash flow management tool offers real-time financial reporting, driven by smart AI-based classification of bank transactions, receipts, and invoices. We have deliberately engineered it to strike the perfect balance between detail and abstraction, combining bank transaction data with accounting data to create a winning product. With a robust foundation of 14 million accounting entries and 2 million bank transactions, our platform ensures accuracy and reliability.

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We understand that the more information businesses provide us, the more accurate our estimations become. By importing past accounting entries, our platform generates a realistic viewpoint of the business situation, empowering owners with valuable insights. Furthermore, we seamlessly integrate with the tools businesses use for accounting and invoicing, enabling our algorithm to continuously learn and adapt.

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At Trezy, we are dedicated to simplifying financial management for business leaders, allowing them to focus on what they do best while our platform takes care of the rest. With our AI-driven solution, we empower entrepreneurs to make data-backed decisions and navigate the financial landscape with confidence.

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What Will the Funding Help Us Achieve?

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With the seed funding, we are excited to embark on the following initiatives:

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Market Expansion: Our goal is to serve businesses across Europe by the end of 2024, ensuring that more SMEs can benefit from our comprehensive financial management support.

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Democratising Financial Information: We believe that financial literacy should not be a barrier to success. With our platform, we aim to make financial information accessible to all business owners, regardless of their financial expertise, enabling them to make informed decisions.

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Automating Insights Generation: We are committed to continuously innovating our platform. By fully automating the generation of financial insights, including industry comparisons within specific regions, we empower SMEs to gain a deeper understanding of their performance and competitive landscape.

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Through these objectives, we reaffirm our commitment to empowering SMEs and making a positive impact on small businesses and the economy.

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Backed by the best

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Trezy's recent seed funding round has attracted prominent investors who share our belief in revolutionising financial management for small businesses. Here's what they have to say:

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Henrik Wetter Sanchez, Partner at Playfair Capital - "We at Playfair Capital are thrilled to support Trezy, a game-changing solution addressing the crucial need for real-time financial management in the SME landscape. Trezy's innovative approach to combining bank transaction data and accounting data, along with their AI-driven technology, has the potential to revolutionise the way businesses make informed financial decisions. We firmly believe in the vision and dedication of Quentin, Pierre, and their team, and we're excited to be a part of their journey towards empowering SMBs around the world."

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Felix Martinez, Principal at Seedcamp - "We are always on the lookout for solutions that can make a significant difference in the business world, and Trezy is undoubtedly one of them. Their cutting-edge technology that automates the enrichment and categorization of bank transactions sets them apart in the financial management landscape. Bank transactions, being the most reliable source of financial data today, often lack crucial information for actionable insights."

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Stefan Jeschonnek, Co-founder of Sumup - "As someone who has been deeply involved in the fintech space, I am truly impressed by Trezy's innovative approach to financial management for SMEs. Their ability to seamlessly merge bank transaction data with accounting information, while automating enrichment and categorization, showcases their dedication to staying ahead of the curve. Trezy's technology has the power to revolutionise how businesses handle financial decision-making, allowing them to focus on growth and development. I am excited to see Trezy's continued growth and the positive impact they will have on the global business community."

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With the support of these notable investors, Trezy is poised to reshape financial management for small businesses and drive growth in small business communities around the world. Their confidence in our vision and dedication further empowers us to make a lasting impact!

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About Trezy

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Trezy is an AI-driven fintech company dedicated to revolutionising financial management for small and medium-sized enterprises (SMEs) worldwide. Our innovative platform combines bank transaction data, accounting information, and AI-driven insights to provide real-time financial support. With a vision to empower 10 million small business owners, we simplify financial management and drive economic growth.