{"id":643943,"date":"2024-11-12T09:00:00","date_gmt":"2024-11-12T06:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/agicap-secures-48-million-for-its-cash-flow-management-platform\/"},"modified":"2024-11-12T09:00:00","modified_gmt":"2024-11-12T06:00:00","slug":"agicap-secures-48-million-for-its-cash-flow-management-platform","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/agicap-secures-48-million-for-its-cash-flow-management-platform\/","title":{"rendered":"#Agicap secures $48 million for its cash flow management platform"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a253795b1869\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a253795b1869\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/agicap-secures-48-million-for-its-cash-flow-management-platform\/#Narrow_focus_%E2%80%94_%E2%80%98huge_market\" >Narrow focus \u2014 \u2018huge\u2019 market<\/a><\/li><\/ul><\/nav><\/div>\n<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">On average, Agicap\u2019s clients manage 15 different bank accounts each. So the chief financial officers (CFOs) working for these companies sometimes struggle to make sure that there will be enough money in the right bank account to pay employees and suppliers across different subsidiaries, countries and currencies.<\/p>\n<p class=\"wp-block-paragraph\">That\u2019s also why they turn to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/agicap.com\">Agicap<\/a> to centralize cash-related data and forecast future cash positions. The Lyon-based startup just raised a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> C funding round of \u20ac45 million (around $48 million at current exchange rates) from a single investor, AVP, the VC firm previously known as Axa Venture Partners.<\/p>\n<p class=\"wp-block-paragraph\">The fintech startup previously raised $100 million, back in 2021, right in the middle of the digital funding frenzy around the pandemic. At the time, the company reached a valuation of \u20ac415 million (or around $450 million at current exchange rates). The value of the business has since inflated \u201csubstantially\u201d, per Agicap, though it isn\u2019t disclosing by how much.<\/p>\n<p class=\"wp-block-paragraph\">\u201cWe aren\u2019t disclosing the exact valuation, but we have managed to increase it substantially since 2021,\u201d co-founder and CEO S\u00e9bastien Beyet (pictured above) told TechCrunch. Pressed on this he gave us a hint of the new valuation: Les \u00c9chos previously <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.lesechos.fr\/start-up\/ecosysteme\/french-tech-une-grosse-levee-dans-la-fintech-un-nouveau-fonds-en-preparation-les-confidentiels-de-la-semaine-2127476\">reported<\/a> that Agicap was raising at a valuation between \u20ac700 million and \u20ac800 million (or $750 million to $860 million) \u2014 and Beyet said: \u201cWe\u2019re sticking with this range.\u201d<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-narrow-focus-huge-market\"><span class=\"ez-toc-section\" id=\"Narrow_focus_%E2%80%94_%E2%80%98huge_market\"><\/span>Narrow focus \u2014 \u2018huge\u2019 market<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"wp-block-paragraph\">Agicap\u2019s relative success comes down to a narrow focus on treasury management software \u2014 it isn\u2019t trying to do everything at once like most fintech startups.<\/p>\n<p class=\"wp-block-paragraph\">It\u2019s also a relatively unt<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed market as many companies still rely on Excel and file exports from bank accounts and ERP software. Evidence of this lies in a recent study Agicap did with 500 European CFOs of midmarket companies. When asked about the tool of choice to manage and forecast their cash positions, 80% of them answered Excel.<\/p>\n<p class=\"wp-block-paragraph\">It\u2019s also worth noting that Agicap\u2019s main customers are CFOs and financial departments. And when teams in charge of money like a product they\u2019re not going to unsubscribe anytime soon.<\/p>\n<p class=\"wp-block-paragraph\">Agicap customers can sync data from their existing bank accounts, credit institutions and ERP solutions. It then acts as a central repository to view everything related to past and future cash flows. But Agicap isn\u2019t just a visualization dashboard; users can initiate and schedule transfers directly from its interface, too.<\/p>\n<p class=\"wp-block-paragraph\">\u201cWe think that we\u2019ll be able to use cash management as the basis for what we call the CFO suite, and provide other tools to CFOs and treasurers,\u201d Beyet said.<\/p>\n<p class=\"wp-block-paragraph\">In that vein, more recently, the startup added accounts payable and accounts receivable. These features help you get paid faster as you can see pending invoices and nudge customers in case they\u2019re late. Similarly, Agicap imports purchase orders so that you can pay suppliers on time and use that data for your upcoming budgets.<\/p>\n<p class=\"wp-block-paragraph\">The startup currently has 8,000 customers with around half of them in France. Most of its remaining customers are spread across other European countries. \u201cWe focus on mid-sized companies, with an annual revenue of \u20ac5 million to \u20ac10 million on average \u2014 and up to \u20ac500 million,\u201d Beyet said.<\/p>\n<p class=\"wp-block-paragraph\">\u201cWe\u2019ve already reached a break-even position on a cash basis for this quarter. So we didn\u2019t need to raise any additional funds to continue our development. But we believe our market is huge,\u201d he added.<\/p>\n<p class=\"wp-block-paragraph\">In addition to hiring new people to find new customers, Agicap plans to use the funding to launch new features around credit management and foreign exchange risk management.<\/p>\n<p class=\"wp-block-paragraph\">What about offering credit products directly? \u201cWe don\u2019t want to become a bank,\u201d said Beyet. \u201cIn other words, we don\u2019t want to take on the financial risk of lending money ourselves. We know how to make software, and that\u2019s what we intend to focus on.\u201d<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology<\/a><\/span> category.<\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/techcrunch.com\/2024\/11\/11\/agicap-secures-48-million-for-its-cash-flow-management-platform\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On average, Agicap\u2019s clients manage 15 different bank accounts each. So the chief financial officers (CFOs) working for these companies sometimes struggle to make sure that there will be enough money in the right bank account to pay employees and suppliers across different subsidiaries, countries and currencies. That\u2019s also why they turn to Agicap to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":643944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/11\/Sebastien_Beyet-CEO-Agicap.jpg?resize=1200,800","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[76556,152658,152659,28340,32232,74839,70917],"class_list":["post-643943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-fintech","tag-agicap","tag-cash-management","tag-europe","tag-france","tag-fundraising","tag-startups"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/643943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=643943"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/643943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/643944"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=643943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=643943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=643943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}