Trezy secures €3 million to bring its AI-driven financial forecasting tools to SMEs in the UK

To successfully navigate today’s uncertain macroeconomic climate, companies of all sizes need real-time visibility and management of their financials and cash flow. Even more so, SMEs, who constitute the backbone of the economy and need to be financially resilient and self-reliant.  

This is why we are excited to back Trezy, a Franco-Dutch fintech that provides an AI-driven suite of real-time financial forecasting tools for SMEs. The platform, based on 14 million accounting entries and two million cash transactions, simplifies financial management and supports business owners in overcoming challenges, allowing them to thrive in today’s competitive business landscape. 

Founded in 2020 by Quentin Lacointa and Pierre Houdyer, Trezy aims to help 10 million small business owners around the world steer their companies toward success by making automated financial predictions and insights available and understandable regardless of financial literacy. 

Currently present in France, the Netherlands, and the UK, Trezy provides real-time financial performance insights, predominantly through smart AI-based classification of bank transactions, receipts, and invoices. Engineered to be a balance of detail and abstraction, combining bank transaction data with accounting data, it provides financial analysis and financial health predictions. 

“Smart Forecasts, Trezy’s predictive tool, allows business owners to automatically project cash flow into the future. The automated onboarding enables new users to see their historical and future cash flows within 30 seconds.

Quentin Lacointa, Co-Founder and CEO at Trezy, emphasizes:

“69% of SME owners say they lose sleep at night because they worry about their cash flow. It’s their number one concern and with good reason. With inflation reducing margins, economic conditions hitting growth and financial processes becoming increasingly complicated there is a huge burden on SMEs. Our goal is to support business owners by giving them easy to access, real time financial insights that will help them to manage their cash flow and, regardless of their financial literacy, make better decisions. 

“Accountancy software has really helped with day-to-day admin and compliance, but it doesn’t provide intelligent support for financial decision making. This is where Trezy comes in and with this funding we will be able to further develop our platform to help thousands of SMEs across Europe.”

To further automate the administrative tasks of data analysis and the presentation of insights, and especially to empower business owners to go from business questions to meaningful action more quickly, Trezy is currently working on leveraging generative AI technology.  

On why we invested, our Principal Felix Martinez comments:

“Quentin and Pierre’s experiences as bootstrapped founders and operators give them an edge in going to market, which stood out to us. Their cutting-edge technology that automates the enrichment and categorisation of bank transactions sets them apart in the financial management landscape. Bank transactions, being the main source of financial data today, often lack crucial information for actionable insights.”

We are excited to co-lead Trezy’s Seed round of €3 million with Playfair, joined by Kima Ventures and Discovery Ventures.

Trezy plans to use the funding to support the growth of its customer base to 10,000 small businesses by the end of 2024, expand its product offering to include features such as generative-AI-enabled automation, and grow its teams in the Netherlands, France, and the UK. 

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