Vienna-based fintech Helu.io scores €9.8 million to streamline financial processes for SMEs
Summary
The startup picked up over €9.8 million in the round which was led by fintech specialists CommerzVentures, alongside tech-focused VC IRIS and early-stage investor Speedinvest. Many small businesses across Europe are still manually building these excel sheets, merging accounting with non-financial data – meaning processes are slower and more cumbersome than they need to be. Stefan Tirtey, CommerzVentures Managing Partner, said: “Helu.io has created a standout, powerful and easily integrated solution which allows SME’s and advisors to gain full control of financial data, removing the need for manual processes. Saving time and money empowers finance leaders to make better informed business decisions faster.” This fresh Series A lift now brings the company’s total funding raised to about €14.8 million. Thorben Rothe, Partner at IRIS, added:“This new round confirms Helu’s ambitions to become Europe’s standard for CFOs to manage their financial data smoothly.