Likvido provides SMEs with a platform to automate invoice management and the collections process in a user-friendly way. Founded in January 2018 and based in Copenhagen, the company has grown to over 2,000 SME clients and employs 25 people. It raised €2.5M in seed funding led by BlackFin Tech and joined by existing local investors. The company will use the funds to optimize its existing process automation solution and to add a prediction engine that uses transaction data to create transaction-level credit ratings. The prediction engine is intended to forecast risk and cash flow for each invoice, enabling Likvido to understand real-time transactional risk. Long term, the firm plans to offer financing and credit insurance for SMEs, and it intends to use the round to prepare for a Series A in twelve months to support international expansion.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2020