Debtist, a Bad Dürkheim, Germany-based fintech startup developing SaaS receivables management products, raised a six-figure in a pre-seed funding round.

SaaS Investors

Backers included āltitude, 10x Value Partners, and business angels.

Founded in 2022, āltitude is a (pre-)seed VC firm that invests in B2B software-first companies across Europe, with a particular focus on SME tech and the DACH & UK market. The firm is based in Berlin, Germany.

10x Value Partners is a global, sector-agnostic investor with a focus on fast-growing technology companies that are post-revenue (Seed up to pre-IPO). Its scope of business comprises early-stage technology, company building, real estate, private debt, and selected advisory mandates.

Debtist Use of Funds

The company intends to use the funds to further develop its SaaS product and grow its team.

About Debtist

Founded in 2023 by Matteo Benedetti, Tony Zabel, and Brandon Baumgarten, Debtist provides an embedded collections solution to manage receivables management for B2B SaaS companies. Operating in Germany and France, with a strong presence serving German clients in Spain, the United Kingdom, Italy, and beyond, Debtist is already counting more than 30 clients throughout Europe.

Funding Details

Company: Debtist

Raised: Undisclosed

Round: Pre-Seed

Funding Month: October 2023

Lead Investors: āltitude, 10x Value Partners

Additional Investors:

Company Website: https://www.debtist.de/

Software Category: Embedded Collection Solutions

Source: https://www.finsmes.com/2023/10/debtist-raises-pre-seed-funding.html