The Italian Fintech Company Sibill Closes a €500,000 Round

Sibill, the platform for intelligent cash management has cashed in a $577,000 (€500,000) round, underwritten by Founders, a Danish venture builder, and a group of business angels. Among them, Federico Sargenti, CEOof Everli (the former Supermarket24), and Raffaele Mauro, partner of Primo Space.

80% of European entrepreneurs still manage their liquidity through Excel, with processes that are mostly manual or poorly organized. And it is no coincidence that the inefficient management of cash flow is one of the most important causes of failure for SMEs (in Europe an average of 200,000 SMEs fail each year). In order to respond to this criticality, Sibill was born, a digital platform that allows to aggregate in a fast and secure way all the data related to cash flow, simplifying the operations of liquidity management and giving way to respond promptly to any threats to business stability. For example, Sibill facilitates the reconciliation between invoices and transactions and ensures the payment and collection of invoices by the due date. The platform is able to read and process all types of invoices issued in Italy and is connected with hundreds of banking operators.

Read more about Sibill and find the most important financial news of the day with the Born2Invest mobile app.

Sibill and the pre-seed round

Sibill, based in Agropoli (province of Salerno) was founded by Mattia Montepara, Lorenzo Liguori, and Dario Prencipe, respectively CEO, product manager, and data manager. Sibill has raised a $577,000 (€500,000) pre-seed round, underwritten by Founders, a Danish venture builder, and a group of business angels. Among them, Federico Sargenti, ceo of Everli, and Raffaele Mauro, partner of Primo Space, Matteo Cera, CEO of Hogaru and Giuseppe Lacerenza, managing director of the Dutch venture builder Slimmer AI.

Lorenzo Liguori has a degree in finance from Bocconi University. Before launching Sibill, he was a senior product manager at Klarna. Dario Prencipe has a degree in economics and statistics from Bocconi University. He was senior data scientist at Amazon Luxembourg, where he managed a team supporting Amazon Logistics. Mattia Montepara has a degree in finance from Luiss University. In 2018 he joined Everli where he worked first as program manager and then as a new business manager.

“We aim right away to be a European player – Mattia Montepara emphasizes -, also in light of EU Directive 2019/1023, implemented by Italy this year, which requires European SMEs to equip themselves, by July 2022, with systems to identify and report any liquidity crises, so as to safeguard the company itself and the stakeholders involved, creditors and employees first and foremost.”

__

(Featured image by Ibrahim Boran via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in StartupItalia, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.