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

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. Sibill has raised a $577,000 (€500,000) pre-seed round, underwritten by Founders, a Danish venture builder, and a group of business angels.

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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.

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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.

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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.”

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(Featured image by Ibrahim Boran via Unsplash)

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

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Suzanne Mitchell juggles the busy life of a full-time mom and entrepreneur while also being a writer-at-large for several business publications. Her work mostly covers the financial sector, including traditional and alternative investing. She shares reports and analyses on the real estate, fintech and cryptocurrency markets. She also likes to write about the health and biotech industry, in particular its intersection with clean water and cannabis. It is one of her goals to always share things of interest to women who want to make their mark in the world.