Just a few months after their last funding announcement, Nordic fintech startup Dealflow has secured an additional €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.
Joining the new round is a syndicate of existing and new investors, including 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 the co-founder of Felyx, Quinten Selhorst, former CRO of Klarna, Erik Hallum and principal at PayPal Ventures, Alexandros Bottenbruch.
Dealflow aims to be the next-gen invoicing platform for ambitious business owners. It helps them save transaction fees, get financed in real-time and automate most financial workflows. Dealflow was founded in 2021 and is led by co-founders Siddharth Mudgal (CTO) and Seb Haugeto (CEO) with the mission of giving all business owners financial superpowers.
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, just a few quarters later, the team is seeing very promising signals. For one, their waitlist grew with over 14 000% after closing their last round. They achieved this by getting more than 100 companies to sign up and disclose the monthly volume they wanted to process with Dealflow. 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” as described by Seb Haugeto, the CEO of Dealflow.
Seb, who recently made it to the Forbes 30U30 finance list, continues to added: “We are a product company at heart. The goal of the new financing is to double down on our investments in engineering and roll out our product in a controlled manner to the customers on our waiting list. We started the company to empower those that dare to create the future, and we intend to continue doing this, now stronger than ever.”
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.”
Dealflow is currently the only invoicing platform available in the market that allows businesses to do free global transfers with local accounts and get real time financing when sending and paying invoices. The platform also integrates directly with the accounting system for reconciliation and can automate payment flows such as subscriptions. They describe themselves as a next-gen “Invoicing OS” for ambitious business owners.
