Italian FinTech Startup Sibill Secures €12 Million In Series A Round

The investment was led by Creandum, a European venture capital fund, with support from Keen Venture Partners and various Italian and international business angels. This new round brings Sibill’s total funding to €18.7 million to date.

“This capital increase will enable us to strengthen the development of our platform, introduce new features, and build a network of strategic partnerships to support our growth. All the funds will be invested in Italy, where we see a huge opportunity: we know the reality of Italian SMEs, their challenges and potential, and we believe that – with the right tools – they can become significantly more productive and competitive,” said Mattia Montepara, CEO and co-founder of Sibill.

Founded in 2021 by Mattia Montepara, Lorenzo Liguori, and Dario Prencipe, Sibill helps Italian SMEs simplify their financial and administrative tasks by centralising invoices, payments, and deadlines in one platform.

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By connecting with banking systems and the Agenzia delle Entrate's exchange network, Sibill uses AI to automate routine tasks and provide real-time cashflow visibility. This helps businesses stay organised, save time, and make quick, informed decisions.

Today, Sibill supports 2,600+ clients across Italy, saving entrepreneurs an average of 5 hours per week. With a team of over 50, the company plans to double its size by the end of 2025.

“The combination of large market size and legacy incumbents offering a poor user experience creates a massive opportunity for Sibill,” said Johan Brenner, General Partner at Creandum. “This is the first of no doubt many more investments we will make in Italy as the tech ecosystem continues to grow. As part of our portfolio, Sibill joins many of Europe’s leading technology firms, including Spotify, Klarna, Trade Republic, Lovable and many more.”

With the new funding, Sibill is set to expand its reach by launching a new solution tailored for accountants. This tool aims to automate key tasks like data collection, purchase entry and bank reconciliation, helping accounting firms close their clients' books faster, improve efficiency, and lower operational costs.

For accountants, this means more time and resources to focus on growth and offer higher-value services. For SMEs, it provides real-time access to financial statements instead of waiting weeks or months.

Sibill also plans to speed up platform development with features to automate payments for taxes, suppliers, and salaries — allowing bulk processing with no manual work or errors.

The ultimate goal is to make Sibill the go-to platform for handling all financial and admin tasks for Italian SMEs, while keeping the interface simple and user-friendly.

About Sibill

Sibill is an Italian platform designed to simplify financial and administrative tasks for small and medium-sized businesses. It helps companies save time, reduce errors and operate more efficiently. With a user-friendly interface, Sibill offers real-time cash flow tracking, automates payments, manages invoices and deadlines, and allows easy sharing of financial data with accountants.