Tidely aims to modernize and simplify traditional financial management for SMEs. Until now, many medium-sized companies have been using outdated tools like Excel. With its digital platform, the company offers a range of financial solutions, such as liquidity planning, cash flow analysis, and cost management. The startup also relies on the use of AI to reduce potential sources of error. According to the startup, it counts over 500 small and medium-sized companies among its customers. With the €3.5 million it has now raised, it intends to the Fintech Advance product development and marketing and further expand the team.
Niclas Storz, founder and CEO of Tidely, comments:
"We are very proud to have gained the trust of TX Ventures and Bayern Kapital during this exceptionally difficult time. This financing will enable us to make our vision of a modern, comprehensive, and user-friendly liquidity management platform accessible to even more customers in the SME sector."
Jens Schleuniger, Partner at the lead investor TX Ventures, says:
"In addition to the highly experienced and complementary management team, we were particularly impressed by Tidely's strong customer focus and traction – we are therefore very pleased to be part of the financing round. Discussions with customers and partners have shown us that Tidely offers users significant added value. We are therefore very confident that the team will continue to significantly expand its customer base and maintain its dynamic growth trajectory."
Monika Steger, Managing Director of Bavaria Capital, added:
"The multiple crises of our time clearly demonstrate how important it is, especially for SMEs, to pursue long-term liquidity planning. With its strong management and highly innovative product, we see Tidely as the most promising fintech in this space and are all the more excited about our collaboration."
Tidely and Banxware partnership
In addition to completing the financing round, Tidely is also entering into a new partnership with Banxware to implement an integrated embedded finance solution in the area of loans.
Miriam Wohlfarth, Co-CEO of Banxware, explains:
"We're excited to partner with Tidely because we share a shared vision of simplifying and modernizing banking services for businesses. Tidely's platform and our financing solutions complement each other perfectly, and we believe our partnership will enable us to provide even better services to our customers."
