Snab is a Spanish cloud-based, AI-powered platform that automates, digitizes and simplifies payments, cash collections and treasury management for small and medium-sized companies. Founded in 2021 and born between Madrid and Barcelona, the product gives teams a single space to manage cash flow securely. The platform integrates an email inbox for automatic invoice reception, uses OCR to extract invoice data in multiple languages, and supports approval workflows by department, amount and role. Users can complete payment without leaving the platform via a click-to-pay flow. Snab says digitization reduces errors, improves productivity and employee well-being, and increases scalability and talent retention. The company will use recent funding to further develop its technology and add new features to give businesses more control over their finances.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2023