Candis provides an AI-driven software solution for SMEs to automate financial processes such as invoice receipt, data entry, invoice approval, and data export. The product is cloud-based, can be used from anywhere, and requires no onboarding. Smart integrations with accounting platforms including DATEV, Sage and Wolters Kluwer enable export of invoice data into preferred systems. The company has worked with over 4,000 customers and 200+ partners. Candis is led by CEO Christian Ritosek and is based in Berlin, Germany. The company raised $16M (bringing total funding to $30M) and plans to use the funds to launch credit cards that provide a central, real-time overview of all expenses. Candis provides a platform that automates manual bookkeeping, accounting processes and B2B payments for mid-market companies using machine learning. Its software automatically collects bookkeeping documents from various sources, classifies and authenticates data, generates approval workflows, delivers real-time insights and processes accounts payable. Thousands of companies and their tax advisors already use Candis’ technology in Germany. The company plans to use the new funding to continue development of its machine learning engine and to accelerate growth and expansion within Europe. Candis was founded in 2015 by Christopher Becker and Christian Ritosek and is based in Berlin. The company raised €12M in a Series B to support these plans. Candis provides an automated accounting solution to import, process and pay invoices. The platform enables accounting teams at startups, SMEs and enterprises to connect with accountants and tax advisors to resolve issues, collaborate with colleagues, and export data in preferred structures and file types. Plans start at €89 a month. The company was co-founded by Christopher Becker, Garik Suess and Christian Ritosek. Candis intends to use the funds to continue developing the platform and to expand operations. The company is based in Berlin, Germany.

Total raised

$31M

Funding rounds

3

Latest round

Equity

Latest activity

Sep 2022