[Funding alert] London-based Fintech Startup Scaleup Finance Raises over €7.4 Million in Funding

The money will be utilised to support the UK startup ecosystem ongoing growth and get ready to expand into the US in the future. With the help of Scaleup Finance, entrepreneurs may automate financial reporting, simplify financial planning and analysis, and easily handle the challenges of financial management.

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Scaleup Finance was first introduced in Denmark in 2021 and entered the UK market in 2022, growing by 1,000% in just one year.

Co-founder and CEO Alexander Sonne Wulff said: “As founders ourselves, we have experienced the frustration of trying to build a reliable finance function with limited resources. Having a finance set-up in place that is backed up by reliable data is crucial when trying to satisfy the demands of board members and investors – so it’s important to get right. With Scaleup Finance, founders now have a platform that automatically delivers the data and insights your stakeholders need, whilst enabling them to spend more time on building and growing their business.” Continuing with: “Our vision with this round is to create a digital finance home that empowers founders and finance professionals to fully understand the data that drives their business performance.”

Aniol Brosa, Partner at Inveready, added: “We are delighted to be supporting Scaleup Finance as it continues its impressive growth journey. The need for a new generation of financial management for startups and scaleups has never been more apparent, making this an extremely exciting time for the team. With this investment, Inveready has further strengthened its position in Europe.”

To guarantee the best financial decisions are made, Scaleup Finance offers fractional CFO services in addition to their financial management software.

Founder and CEO of Trust Keith, one of the UK companies that Scaleup Finance partners with, Rory Codrington, commented: “Understanding and reporting on financial metrics are fundamental in turning a great idea into an even better business. Scaleup Finance has helped us build a finance management function tailored to our business, giving us the confidence to focus on doing what we do best.

About Scaleup Finance

Scaleup Finance, The solution to every hardship they have experienced as entrepreneurs is scaleup capital. They handle the financial management burden, allowing you to focus on developing, staffing, and growing your startup the way you've always wanted to. By relieving you of the financial management responsibilities, scaleup finance allows you to focus more of your time on the things that motivate you to get out of bed in the morning.