Skip to content

FinTech startup Invoice Cycle closes $4m seed round

invoice cycle seed funding

Invoice Cycle, a FinTech startup, has closed a $4m seed funding round led by Mueller Medien group of companies.

The round also drew support from existing investors and SeedIL, a prominent international angel group.

According to a company statement, the funding will be used to boost R&D activities and to expand the firm’s footprint in strategic global markets.

“While small and medium-sized businesses face numerous challenges on their road to success, waiting for invoices to get paid should not be one of them,” said Gideon Shaw, founder and CEO of Invoice Cycle. “This was the motivating factor behind the creation of Invoice Cycle and we are already seeing the impact our product is having on business performance for companies in the UK.”

The company, which seeks to help firm solve the question of how to safely take on additional expenses to match workload, has recently partnered with GoCardless and DueDil.

Michael Oschmann of Muller Medien, spoke about the investment: “We believe that smart SaaS services, which allow SMBs to become more efficient and competitive, will become increasingly more important for businesses across various verticals and that’s why we partnered with Invoice Cycle.

“Through our group of companies, we have access to tens of thousands of SMB’s in Germany, and are always looking for turn-key technology solutions that can leverage this exposure and generate additional revenue streams,” he concluded.

Topics

Register for Free

Get daily updates and enjoy an ad-reduced experience.

Already have an account? Log in