Fintower Secures €1.5M Seed Funding to Transform Financial Planning

The Gothenburg-based fintech startup Fintower has closed an oversubscribed seed round, raising €1.5 million to accelerate development of its AI-powered financial planning platform. The Swedish company is building a solution designed to replace manual spreadsheets and bring financial planning, forecasting, and analysis into a single, intelligent system.

The round attracted a mix of institutional and private investors, including Chalmers Ventures, Akka, and the Stena family via William Olsson, alongside several business angels. Existing backers such as Almi, Daniel Jonsson of Inet, and Alexander Hars also increased their participation. Interest in the funding was strong enough that the company expanded the round to accommodate demand.

Fintower positions its AI platform as a modern replacement for spreadsheet-based finance

Fintower is tackling a challenge familiar to many growing companies: budgets, forecasts, and financial reports are often spread across numerous Excel files, making analysis slow and increasing the risk of errors. Its platform centralizes these processes and allows users to rely on AI to understand revenue drivers, explore trends, and simulate different financial scenarios without moving between separate tools.

“Interest in this round was high, and we had to expand it. Unfortunately, not everyone who wanted to participate could, which shows that what we are building meets a real need. The market is ready to move away from Excel-based planning and demands modern tools for analysis and decision support,” said co-founder Salman Eskandari.

Eskandari founded Fintower together with Ehsan Yazdani with the goal of changing how companies manage financial planning. According to the founders, many existing systems are structured primarily around accounting frameworks rather than day-to-day operations. Fintower’s platform takes a different approach by focusing on products, sales, and personnel while connecting finance and operations within the same environment.

The solution is aimed at growth-stage companies that require greater control and transparency, particularly those operating in technology, software, financial services, retail, and energy. Since its initial funding round, Fintower has secured customers across several industries, validating demand for a more integrated and intelligent planning tool.

The newly raised capital will be used to strengthen product development and build a sustainable business around the existing platform. The founders see their software as part of a broader shift within finance teams, where repetitive tasks are increasingly automated and AI is used for deeper analysis and decision support.

“Finance departments are undergoing a transformation. Repetitive tasks are increasingly being automated, and AI is becoming a tool for analysis and decision support. Our goal is for Fintower to become the leading platform in the Nordic countries,” said Yazdani. The company’s focus on Northern Europe reflects a region known for strong digital adoption and an active startup ecosystem.

Investors also view the company as well positioned for growth. Jonas Bergman, Investment Director at Chalmers Ventures, noted that Fintower enables growth companies to move from spreadsheet-based planning to intelligent financial decision support. With its AI-driven platform and a team combining technical expertise with business experience, the company aims to scale efficiently and create long-term value.

Whether Fintower can ultimately dominate the Nordic market remains uncertain, but the oversubscribed seed round gives the startup the resources and flexibility needed to enter its next phase of development and expansion.

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