Circula Funding News- German Fintech Startup Circula Raises €15Mn Funding

The investment aims to develop autonomous finance workflows, expanding the platform's utility for mid-sized businesses across Germany and Europe.

The funding round was led by returning investors Alstin Capital, Capnamic Ventures, Peak Capital, Wenvest Capital, and Storm Ventures, with additional financial support from CIBC Innovation Banking.

“We have a clear goal: to become Germany’s AI-based champion in expense and spend management for small and medium-sized businesses,” says Nikolai Skatchkov, CEO of Circula. “With hundreds of millions of euros in transaction volume, hundreds of thousands of active users, and the trust of countless tax advisory firms, we are in an ideal position to realize our vision of a seamless workday for finance teams in the coming years.”

Circula is a Berlin-based company that helps businesses manage their expenses more easily using technology. Founded in 2017 by Nikolai Skatchkov and Roman Leicht, Circula offers a platform that automates tasks like capturing receipts, extracting tax-related information, and verifying bookings in real time. This makes expense management faster and more accurate for companies.

Circula serves over 2,800 companies, including well-known names like Aston Martin, About You, DATEV, and Securitas. More than 150,000 employees across Europe use the platform to manage travel expenses, daily allowances, credit card transactions, and employee benefits.

According to Circula, companies using its platform reduce manual effort by 80% and shorten monthly closing cycles by several business days—an increasingly critical advantage amid economic uncertainty and cost-cutting pressures.

The demand for digital expense solutions is underscored by research from ERP provider Diamant, which reports that only 8.8% of Germany’s mid-sized businesses have fully automated their expense workflows. Circula’s mobile-first approach aims to close that gap by reportedly capturing over 70% of expenses at the point of occurrence, pre-booking them with tax-relevant data, and cutting billing cycles to fewer than two days.

Charlotte Goggin, Director of CIBC Innovation Banking, says: “Circula is transforming traditional paperwork into smart, AI-powered processes – setting new standards in digital expense management. We are excited to support this growth.”

Circula, a Berlin-based expense management company, attributes its success to strong revenue growth and a disciplined focus on profitability. These qualities have enabled the company to navigate the challenges of the current funding environment effectively.

About Circula

Circula is a software that makes handling employee expenses and payroll simpler. It automates tasks, helps businesses stay compliant, and lets employees focus on their work.