Finqware, fintech solution designed to provide fully automate banking operations, aims to attract 450.000 EUR on SeedBlink.
The financing round is supported by 7X Partners as lead investor, already 250.000 EUR being committed to cover the round. The funding will be used for further business and product development.
The company was founded in 2018 by a team of highly experienced professionals in technology and financial services, Cosmin Cosma, +30 years’ experience in finance, business management, sales and entrepreneurship, Dumitru Taraianu, +17 years in systems engineering, Dănuț Covalciuc, +20 years in finance.
FinqTreasury aim is to become the financial operating system of mid-market companies, providing a range of modules designed to fully automate all banking operations of a large company.
This include treasury, accounting reconciliations, payments to suppliers, collection of debts, acceptance of digital payments, cashflow reporting, financial audit.
Its data aggregation infrastructure is already battle-tested with leading banks as beneficiaries in Romania and Croatia. Finqware already enables banks in the Central and Eastern Europe region to consume data from other banks.
Short and medium-term, the company plans to launch commercially in CEE, expand to Europe and become a global provider.