Funding

Dealflow funding news – Copenhagen-based Dealflow Raises €500k Extending its Pre-Seed Round Funding

Jun 27, 2024 | By Startup Rise EU

Fintech startup Dealflow raises €500k extending its Pre-seed round to €1.1 million, from international investors to double down on their vision of a next-gen “invoicing OS” for SMBs.

Fintech startup Dealflow raises €500k extending its Pre-seed round to €1.1 million, from international investors to double down on their vision of a next-gen “invoicing OS” for SMBs.

SUMMARY

  • Fintech startup Dealflow raises €500k extending its Pre-seed round to €1.1 million.
  • Dealflow is a platform for worldwide businesses to send invoices; it is unique among its kind in that it offers immediate payouts, free international transfers, and payment flow automation all in one location.

The unicorn founders Petter Made and Ralf Reitchert, centure capital GP Thorbjørn Rønje, talent investor Ewor led by Daniel Dippold, and a group of business angels, including Quinten Selhorst, co-founder of Felyx, Erik Hallum, former CRO of Klarna, and principal at PayPal Ventures, Alexandros Bottenbruch, are among the new and existing investors joining the round.

Read also - Bling funding news – Berlin-based Bling Secures $12Million in Series A Equity Round Funding

Dealflow wants to be the cutting edge invoicing tool for aspirational company owners. They can obtain financing instantly, avoid transaction costs, and have the majority of financial processes automated. The goal of Dealflow, which was established in 2021 and is headed by CEO Seb Haugeto and CTO Siddharth Mudgal, is to provide financial superpowers to all business owners.

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Daniel Dippold said: “I focus on investing in founders with outlier qualities. I strongly believe that Seb and the team possess the necessary qualities to establish a disruptive, globally relevant fintech venture.”

And now, only a few quarters later, the group is witnessing extremely encouraging signs. First off, after they closed their last round, their waitlist increased by more than 14,000%. They accomplished this by persuading over a hundred businesses to register and reveal the monthly volume they wished to handle through Dealflow.

Seb Haugeto, the CEO of Dealflow said, "The combined volume from all of them went from €70 000 to over €10 000 000 in a few short months. And they achieved all this with a very compact team of just 6 people and “an relentlessly frugal mindset, The team recently onboarded the first 10 companies to their new webapp. This group increased the volumes they put through Dealflow with 390% from month 1 to month 2 without any input from the team. Seb adds: “I’m excited to see that our first webapp customers find our solution useful for all things invoicing. The future looks bright.”

As of right now, Dealflow is the only invoicing platform in the market that enables companies to send and receive real-time financing for free when transferring funds internationally using local accounts. Additionally, the platform may automate payment flows like subscriptions and interfaces directly with the accounting system for reconciliation. They market themselves as a cutting-edge "Invoicing OS" for aspirational company owners.

About Dealflow

Dealflow is a platform for worldwide businesses to send invoices; it is unique among its kind in that it offers immediate payouts, free international transfers, and payment flow automation all in one location.

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