German FinTech start-up raises $30m

Series B

The business-to-business invoicing and payments platform company Billie has successfully raised €30 million in Series B funding. Leading the round was Creandum, who were joined by SpeedInvest, Picus and GFC.

Founded in 2017 by serial entrepreneurs, the German-based FinTech start-up has the aim of transforming the B2B payments sector to something more akin to the B2C and e-commerce sectors. 

Talking to TechCrunch, Billie co-founder Dr Matthias Knecht stated “Small and medium-sized businesses can handle all their outgoing invoices through our platform, get instant financing for each invoice and also outsource the collections process as well as coverage of default risk to Billie. It’s an exciting, highly automated piece of mind product that let’s SMEs focus on what they do best and have Billie handle the operational burden of invoice management and default coverage.”

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