Cash flow platform Sibill raises pre-seed funding

80% of European entrepreneurs still manage their liquidity either through Excel or manually, in general with loosely organized processes. It’s not surprising that cash-flow represents one of the most relevant causes for failures for European SMEs (every year in Europe, 200.000 SMEs fail).

Sibill reconciles invoices and transactions to ensure SMEs get paid and make payments on time. Its platform is already able to automatically import and visualize all e-invoices issued in Italy today and integrates hundreds of banks.

The team has raised €500,000 pre-seed funding from Copenhagen-based startup studio Founders and business angels including Federico Sargenti, CEO of Everli, Raffaele Mauro, Partner at Primo Space, Matteo Cera, CEO at Hogaru and Giuseppe Lacerenza, Managing Director at Slimmer AI, an Amsterdam-based venture builder.

Sibill is co-founded by Mattia Montepara (CEO), previously managing programs and new business at pan European grocery delivery marketplace Everli; Lorenzo Liguori (CPO), previously Senior Product Manager at Klarna and Dario Prencipe (CDO), previously managing strategic projects for Amazon Transportation.

“Sibill is born as a European player in the cash-flow monitoring and management space – says Mattia Montepara – and we want technology to help entrepreneurs being aware of their cash-flow and able to detect early signals of distress, as prescribed by the EU Directive 2019/1023, so to prevent SMEs from failures and instability.”