Banktrack secures a 2 million euro funding round.
BANKTRACK EXTENDS ITS FUNDING ROUND TO €2M, LED BY KFUND, 4FOUNDERS, AND LIFEX. PARTICIPATION FROM BUSINESS ANGELS AND ENISA
Kfund, 4 Founders Capital, and LifeX led the round, with support from about twenty business angels experienced in founding tech companies and ENISA’s backing.
Banktrack Founders: Carlos Pérez, Nacho González-Barros, and David Álvarez.
Indra Kishinchand López.
Banktrack, a treasury management software for SMEs, has extended its funding round to 2 million euros, showcasing the company’s short-term potential.
The round was once again led by Kfund, 4 Founders Capital, and LifeX, reaffirming their confidence in Banktrack. Additionally, more than twenty business angels, many with experience in founding successful tech companies like Holded’s founders Javier Fondevila and Bernat Ripoll, participated, alongside ENISA’s support.
The funds raised will be used to enhance the treasury monitoring software’s features and expand the customer service and sales teams, aiming to accelerate growth in Spain before venturing into international markets.
“This funding round will boost our growth, allowing us to validate our business model in Spain this year. Our goal for 2025 is to start operations in other European countries,” said Nacho González-Barros, co-founder of Banktrack.
Since its launch, Banktrack has gained 500 clients and aims to reach 2,000 clients by year-end.
Banktrack strives to offer SMEs, startups, and freelancers better control over their expenses and income. The tool provides real-time, simple yet comprehensive control over current and future income and expenses and offers an innovative financial alert service via WhatsApp and email.
“We have identified a genuine need for software that helps small business owners manage their treasury more efficiently, saving them time. At Banktrack, we focus exclusively on helping SMEs manage their expenses and income, foregoing other complex accounting features that many don’t need as their accounting firms already handle that. This focus on a specific area allows us to be highly competitive and offer a much simpler and more intuitive user experience,” explained González-Barros.
Banktrack’s successful funding round of 2 million euros, led by Kfund, 4 Founders Capital, and LifeX, along with support from experienced business angels and ENISA, underscores the company’s strong potential. The funds will be utilized to enhance their treasury management software, expand their team, and accelerate growth in Spain before moving into other European markets. With a focus on helping SMEs, startups, and freelancers better manage their finances, Banktrack aims to offer a streamlined, user-friendly experience. This funding marks a significant step towards their goal of becoming a leading financial management tool in Europe.
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