Finmatics is an accounts payable automation software that helps businesses streamline their invoice processing and payment workflows. The software uses AI and machine learning to automate the entire accounts payable process, from invoice capture to payment reconciliation. Finmatics offers a range of features, including invoice scanning and data extraction, automated approval workflows, and payment processing. The software is available in three pricing plans, starting from €4000.00/Per-Year.
Finmatics is a direct competitor of UiPath, which is another data extraction software. UiPath caters to companies from all industries, of all sizes, while Finmatics is best for accountants, accounting service providers, financial departments of large enterprises, and small-to-medium-sized companies.
Location: Austria, Vienna
Employees: 51-200
Total raised: $8.02M
Founded date: 2017
Funding Rounds 2
| Date | Series | Amount | Investors |
| 20.03.2023 | Series A | $6.42M | eQventure |
| 25.04.2022 | - | $1.6M | - |
Mentions in press and media 4
| Date | Title | Description | Source |
| 20.03.2023 | Finmatics Raises €6M in Series A Financing | Finmatics, a Vienna, Austria and Berlin, Germany-based provider of software for digitizing and autom... | finsmes.co... |
| 16.03.2023 | Austria’s Finmatics puts AI in the hands of accountants, rai... | Vienna-based fintech startup Finmatics, not to be confused with the field of finmatics that includes... | tech.eu/20... |
| 16.03.2023 | Austrian fintech Finmatics raises €6M in a Series A round... | Austrian fintech Finmatics raises €6M in a Series A round 16 March, 2023, 13:53 Mariia Denysiuk -... | ain.capita... |
| 15.03.2023 | Medwing sammelt 44 Millionen ein – Finmatics bekommt 6 Milli... | Im #DealMonitor für den 15. März werfen wir einen Blick auf die wichtigsten, spannendsten und intere... | deutsche-s... |