Tidely has developed software for planning income and expenses. This solution is designed to enable professional liquidity management for small and medium-sized businesses and startups. Users can view their financial status on dashboards and conduct sophisticated analyses even without specialized financial knowledge. Scenario analyses allow users to simulate the impact of business decisions on liquidity. It can also manage outstanding invoices. The Tidely software can be used as a flexible cloud-based subscription service. According to the company, Tidely has already signed up more than 500 companies for its solution in the eight months since its founding.
Avoid liquidity crises
All participants of the first round participated in the current financing. The new lead investor was Harald Popp from Serviceware. He said of his investment:
"As CFO of a publicly listed company, I am confronted daily with the unique challenges of liquidity management. Since its inception, I have accompanied Tidely's development as an advisor. I am pleased to now also be involved in its further strategic expansion as an investor. Tidely will be an integrated platform for active financial management for SMEs."
Niclas Storz, founder and one of the managing directors of Tidely, continues:
"We aim to become the European market leader for liquidity management software. Tidely will use the capital from the new financing round to expand its team, strengthen its sales force, and further develop the software. Our intelligent and cost-effective liquidity management tool provides small and medium-sized businesses with an instant overview. This allows them to plan more precisely and develop various scenarios. This helps them avoid liquidity crises, which is particularly important given the uncertainties caused by the pandemic."
Financial control center for startups and SMEs
And Jörg Haller, co-founder and managing director, adds:
"Our goal is to develop Tidely into the financial control center for startups and SMEs. From planning and monitoring liquidity, to actively controlling and managing cash flows, to optimizing their own financial situation, entrepreneurs and financial managers will be able to manage their company finances with the intelligent and intuitive Tidely tool."
