Economic automation system, Aurelia has raised $3 million in seed funding, led by Blossom Cash.
Billing by itself as a form of “IFTTT for finance” aimed at little corporations that want to integrate their financial institution accounts with fiscal tools, Aurelia claims this then provides them increased control about funds flow, taxes etcetera to automate normally manual tasks, with no know-how of code needed.
Angel buyers include things like Guillaume Pousaz (Founder & CEO at Checkout.com) through his Zinal Growth financial commitment car and Erez Mathan (ex-COO and CRO at GoCardless).
Aurelia was launched by Sebastian Trif, one of the very first engineers at Transferwise and Jasper August Toes.
Trif said: “We see a lot of fintech apps and banking companies that check out to capture every thing a business has but numerous smaller corporations aren’t eager on shifting their company’s money daily life into a new product.”
Ophelia Brown, founder of Blossom Capital, stated: “As a compact business enterprise owner ourselves, we know to start with-hand how distressing and damaged it is for SMEs to regulate their funds and accounts. After hunting for a long time for the proper answer, we committed to Aurelia on the location.”
Trif extra: “On a aspect-by-characteristic foundation, we’re competing with recognized packs of plugins you have to have on prime of your accounting software package like Xero and Quickbooks. We’re also competing with smart SME banking options, such as Tide, Revolut for Company and Sensible for Business, which have far more constrained characteristics.”
Aurelia’s beta system is now likely are living in Estonia, Romania, Germany and the British isles.