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Banktrack secures €2M in a Seed round led by Kfund, 4 Founders Capital, and LifeX to enhance treasury management software

May 29, 2024over 1 year ago

Amount Raised

€2 Million

Round Type

seed

BarcelonaFinancial ServicesSoftware

Investors

EnisaLife X4 Founders CapitalKfund

Description

Banktrack, a Spanish treasury management software for SMEs, has raised €2M in a Seed round. The capital will be used to enhance the functionalities of the treasury monitoring software and expand the customer service and sales teams to accelerate growth in Spain before expanding to other international markets.

Company Information

Company

Banktrack

Location

Barcelona, Catalonia, Spain

About

Banktrack is a Spanish treasury management software for small and medium-sized enterprises (SMEs), startups, and freelancers. It aims to offer more control over expenses and revenues, providing a financial alerts service via WhatsApp and email.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers