Munich-based firm Finto, which develops AI agents for enterprise accounting, has raised $3.4 million in a seed round from Y Combinator, Gradient Ventures, and Lightspeed Venture Partners.
- Established in 2025 by Jonas Morgner, Linus Boehm, and Lorenz Neuner, Finto builds software that automates invoice-to-pay workflows, covering processes such as invoice capture, verification, account coding, purchase-order matching, and the generation of journal entries.
- Finto’s platform connects with enterprise resource planning systems, including SAP, Microsoft Dynamics, and DATEV.
- Its AI agents analyze financial documents, validate transactions, and prepare accounting outputs without requiring employees to manually process each step through traditional accounting interfaces.
- The startup serves finance teams managing high-volume accounting operations and counts German football club Arminia Bielefeld and Eat Happy Group, a Cologne-based company operating sushi counters in supermarkets, among its customers.
Details of the deal
- The fresh funding will help Finto accelerate the development of its AI-powered accounting agents, expand its product capabilities, and strengthen its presence among European finance teams and enterprise customers.
- The company plans to deepen integrations with major ERP platforms such as SAP, Microsoft Dynamics, and DATEV while scaling operations to support more businesses with automated accounting workflows.
“Across our portfolio, we see how teams like Finto can help enterprises transform themselves in the age of AI. Back office processes are a core potential for value creation," explains Alexander Schmitt, Partner at Lightspeed.
