Tidely, a Munich, Germany-based liquidity management solution provider for SMEs, raised €3.5 million in a funding round led by fintech investor TX Ventures and also joined by Bayernkapital.
The funds will be used to further develop its product, expand marketing and sales channels, and strengthen its team.
Niclas Storz, Founder, and CEO of Tidely said, “We are very proud to have gained the trust of TX Ventures and Bayernkapital in these exceptionally difficult times. This funding will enable us to make our vision of a modern, comprehensive, and user-friendly liquidity management platform accessible to even more customers in the SME environment.”
The company offers a range of financial solutions to SMEs, including liquidity planning, cash flow analysis, cost management, and more.
By using artificial intelligence, Tidely reduces many of the potential sources of error in liquidity planning. The digital platform provides all the liquidity insights users may need in real-time to aid in making well-founded decisions and, if necessary, initiate stabilization measures.
In addition, the platform enables its users to calculate liquidity forecasts based on past developments and to quantify the effects of planned investments and other measures on future liquidity in scenario-based sensitivity analyses.
Company: Tidely GmbH
Funding Month: March 2023
Lead Investors: TX Ventures
Additional Investors: Bayernkapital
Company Website: https://www.tidely.com/
Software Category: Smart Liquidity Management and Cash Flow Forecasting Solution
About the Company: Founded in 2018 by Niclas Storz and Dr. Joerg Haller, Tidely is developing an AI-based, digital platform that small and medium-sized enterprises (SMEs) can use to get an overview of their liquidity situation in real-time and have future forecasts and decision-based liquidity scenarios calculated. Tidely helps entrepreneurs / SMEs to actively steer the financial success of their businesses by providing them with easy-to-use, intelligent tools that provide transparency about their financial situation, support the optimization of cash flow and can be used to solve liquidity-related challenges. The company now has around 500 small and medium-sized companies among its customers with only 20 employees.
Source: https://fintechnews.ch/funding/german-fintech-tidely-secures-eur-3-5-million-in-fundraise-led-by-tx-ventures/58986/ https://thepaypers.com/online-mobile-banking/tidely-receives-eur-35-million-seed-financing--1261720