Molten Ventures has led a $20 million Series A funding round in Airbank, a Fintech that aims to automate business finance management with a single interface.
Other investors in the round include Bruce Wallace (Strategic Advisor at Brex), Guillaume Cabane (Strategic Advisor at Ramp), and Cris Conde (Senior advisor to Accel Partners) and existing investors New Wave, Speedinvest, and Entrepreneur First.
Airbank co-founder and CEO Christopher Zemina, said they are radically simplifying administrative work so managers can actually spend their time running their business.
Airbank’s software seeks to modernize finance management by providing businesses with a wide range of solutions on a single platform including tracking cash flow, automating payments, handling expenses, accelerating accounting, and more.
Airbank integrates into the existing systems of customers with no need to switch from existing financial solutions.
Airbank reports that in six months since launching, it has seen more than €1.5 billion in annualized transactions flowing through its finance platform.
“Airbank is unique in its vision of building the future of the end-to-end CFO suite,” said Vinoth Jayakumar, Partner at Molten Ventures.