Agicap, a Lyon, France-based provider of a treasury management platform for SMB and midmarket companies, raised €45M in Series C funding.
The round was led by AVP.
The company intends to use the funds to continue investing in its product, people, and growth initiatives. The transaction proceeds will support efforts to:
- Consolidate its position in Europe by expanding sales and customer success teams, especially outside of France (other countries already account for >50% of total revenue)
- Double down on product depth and capabilities by reinforcing its software & organization to better address the needs of midmarket firms across the product suite (e.g., FX risk and credit management modules)
- Strengthen its go-to-market strategy by expanding indirect channels, through the network of treasury partners and system integrators
Led by CEO Sébastien Beyet, Agicap provides a treasury management solution integrating banking and ERP connectivity, cash management, liquidity planning, accounts receivable, accounts payable and spend management. The company serves over 8,000 clients across Europe.
FinSMEs
26/11/2024