Finmap is a cloud-driven cash-flow management and analytics platform used by thousands of SMEs and available via web and iOS. Its interface is organized into income, outgoings and balance transfers and integrates with 2,800 banks across Europe as well as Wise, PayPal, Revolut and other money services. Paid-for foreign users rose to 36% from 11% over the past 12 months, reflecting recent overseas expansion. The company is pushing localisation and plans to expand in Poland and Turkey, plus market in English- and Spanish-speaking countries. Proceeds from the latest round will also fund hiring and product development, including planned invoicing features. Finmap was founded in 2019 and previously raised an initial round in its second year and a further round in 2021 when Dymitro Dubilet joined the team. Finmap synchronizes with user accounts via an API to let business owners set up payment schedules and delegate data entry, providing a user-friendly cash flow management interface. The service offers subscriptions for small and medium-sized businesses starting at about $14 per month and emphasizes anonymity and secure data storage. The company plans to expand its developer team, increase marketing, extend service into Central and South Europe, add invoicing this year, and integrate with new banks and CRM systems. Finmap currently works with companies from 12 countries and aims to enter Poland, the Czech Republic, Spain, and Turkey. Founded in 2019 by Alexander Solovey and Ivan Kaunov, the team grew from 7 to 58 specialists over the past year, and Dmitry Dubilet joined the team in early 2021.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2023