Dublin-based fintech startup Outmin has secured €4 million in funding to accelerate the growth of its AI-driven finance platform for small and medium-sized businesses.
The round was led by Praetura Ventures through its EIS Growth Fund and NPIF II – Praetura Equity Finance, under the Northern Powerhouse Investment Fund II.
The company plans to use the capital to grow its team, expand internationally—particularly in the UK—and further enhance its platform, which automates accounting, payroll, tax filing, and compliance for SMEs.
Former PwC Ireland boss joins as chairman
Alongside the funding, Outmin appointed Feargal O’Rourke, former Managing Partner at PwC Ireland, as its new chairman. O’Rourke cited the company’s strong team, unified mission, and market-ready product as key reasons for joining.
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Driving finance automation with AI
Founded in 2020 by Ross Hunt and David Kelleher, Outmin offers a SaaS platform that streamlines time-consuming financial tasks through AI and machine learning. The company claims its software can reduce accounting costs by 66% and save more than 120 hours of admin time per month.
Outmin currently supports over 350 businesses and collaborates with 12 accounting firms. Its team includes fintech and startup veterans, with backing from investors like Middlegame and Fuel Ventures.
