Dutch fintech startup Finturi‘s mission is to help businesses grow by connecting them with financiers to borrow money against invoices, using blockchain and AI technology to make invoice financing secure, low-cost, quick and easy.
Founded in September 2018, the startup has raised an angel investment of €2 million from NetSam Participaties BV, which it plans to invest in growth and product development.
Finturi currently is working on building an invoice finance platform connecting businesses and financiers which is scheduled to launch in the third quarter of 2019. The team said that a later version of the platform will be completely peer-to-peer, and will also include clients of businesses. Finturi’s end goal is to optimise entire supply chain financing with the use of blockchain and AI.
“Even though small and medium enterprises contribute significantly to the economy, it is often challenging for them to raise working capital,” said Finturi CEO Johannes Brouwer. “The newer the business, the higher difficulty it faces to raise working capital. We want to solve this problem. We want to build a robust product that enables businesses to get a loan against invoices within 24 hours. We want to provide financiers with a platform for investing in invoices with minimum hassle.”
“Blockchain technology combined with AI has a massive potential of eliminating inefficiencies in the current financial processes,” said the lead investor from NetSam Participaties BV. “It can save costs as well as make processes faster and secure. I am extremely happy to see that one of our portfolio companies is leading the blockchain revolution. We are confident in Finturi’s team and are sure that this investment will drive Finturi to innovate further and be world’s leading invoice finance platform.”
Based in the Hague, Finturi currently has a team of 12 people, with a good mix of developers, product, business, and marketing professionals.