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.”
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.
Boiron Enters the Medical Cannabis Business
Boiron is counting on cannabis to restore his health. The change was announced on the BFM Business TV channel. It's...
Tech Innovation Is about to Takeoff: Get Ready for It with XRApplied
While most of us grew up bearing witness to a tremendous pace of tech advancements, things seem to have stagnated...
Glen Invest, the Moroccan Investment Company Set Up in Casablanca
Glen Invest's priorities for the region are clear. They concern investments in the processing industry for mass consumer goods, "with...
Why Are Syncrude, Ledcor Group, and Ekati Mines So Excited about Triad Pro Innovators’ New EEL Diesel Hybrid Genset?
It's understandable if the words ‘diesel hybrid genset' don’t get your heart racing. But what if we throw in an...
New Strategy, New Brand: The Secret Re-Start of Exporo
According to information of Finanz-Szene.de, the strategy turn and the internal reorganization are also a consequence of difficulties, which Exporo...
Crypto2 weeks ago
Satispay and Young Platform Team Up to Simplify Cryptocurrency Purchases
Biotech2 weeks ago
Rethinking DMT: Algernon Pharmaceuticals’ Novel Approach to Stroke Treatment
Business2 weeks ago
Before the Metaverse: Augmented Reality in Education
Featured2 weeks ago
Why Soybeans and Soybean Oil Closed Lower