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Fintech® delivers B2B invoice and payment automation solutions, streamlining complex financial transactions primarily within the beverage alcohol industry. The company's core offering leverages automation and artificial intelligence to manage the entire order-to-pay process, including its PaymentSource platform for invoice and payment management and Scan-Based Trading for inventory control. These capabilities simplify data capture, standardize financial reporting, and provide insights for businesses.
Founded in 1991 by Scott Riley, Fintech was established with the insight that businesses, particularly those operating in the highly regulated alcohol sector, faced significant inefficiencies with manual invoice processing and payment systems. Riley identified the need for specialized technological solutions to reduce friction and introduce efficiency into these critical financial workflows, enabling companies to focus on their core operations rather than administrative burdens.
Fintech serves a broad clientele across retail, hospitality, and the beverage alcohol supply chain, including distributors, suppliers, and accounting firms. The company's vision centers on continuously evolving its technology to redefine how businesses buy and sell goods and services, replacing slow, manual processes with integrated, end-to-end automated solutions that foster efficiency and clarity in financial operations.
Fin+Tech has 2 tracked investments across 2 companies. The latest tracked deal is $1.2M Pre-Seed in Cents in December 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 11, 2023 | Cents | $1.2M Pre-Seed | SICI SGR | 40Jemz Ventures, Apside, CDP Venture Capital, Xequity |
| Nov 1, 2023 | Aptus.AI | $3.0M Seed | P101 | Giovanni Gardelli |