Scaleup Finance, a Danish-founded fintech, has raised the nation’s largest-ever seed funding round, securing $8m (£6.4m) to bring its “digital CFO” platform to the UK. The funding round will support Scaleup Finance’s expansion in the UK market, where it will provide its subscription-based platform that automates company finance management.
Scaleup Finance’s digital CFO platform offers a range of financial management services, including reporting, budgeting, financial modeling, and bookkeeping. The Danish-based company, founded in 2021, boasts a user base of over 150 companies, utilizing its software as a “CFO as a service” solution. The platform aims to alleviate the struggles of financial management for fast-growing companies, allowing founders to focus on building and scaling their businesses.
A recent funding round, led by PROfounders Capital and featuring participation from FinVC, Clocktower VC, CircleRock Capital, and individual investors, will support the expansion into the United Kingdom and other parts of Europe. The company currently employs 70 people, and has established a London office as part of its UK expansion.