See the pitch deck Sequoia-backed fintech Friday Finance used to raise $20 million
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- Friday Finance is a fintech in Berlin that offers a financial-management platform for businesses.
- It raised a $20 million Series A that was led by Molten Ventures, a VC in London.
- Insider got an exclusive look at the pitch deck it used to raise the funds.
This is an edited, translated version of an article that originally appeared on June 14, 2022.
Friday Finance, formerly known as Airbank, is a German fintech that offers an “all in one” finance platform for businesses.
The company’s software tool allows multiple business accounts to be merged into one interface. The company’s website says it’s already integrated with over 20,000 financial-services providers, including American Express, Deutsche Bank, HSBC, Revolut, and PayPal.
“It gives CFOs a much more accurate insight and helps them to make better decisions,” said Christopher Zemina, the 29-year-old who cofounded Friday Finance with his business partner Patrick Castro.
In June 2022, Friday Finance closed a Series A funding round for $20 million. Molten Ventures, a venture-capital firm in London that’s also invested in Revolut and N26, led the round. The Austrian VC fund Speedinvest and various angel investors also took part.
Zemina said the company wanted to use the new capital to expand the team — which is about 40 employees — and to further develop its product.
It also wants to expand the business into France, the Netherlands, and the UK before the end of the year.
“This mainly involves setting up go-to-market teams locally,” Zemina said. “Our software can already be used across Europe.”
Insider has an exclusive copy of the pitch deck that Friday Finance used to raise the Series A round. Some sensitive data has been redacted at the company’s request.