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FinBuddy

FinBuddy develops unique innovative (PSD2) software that makes finance easy and fun and reducing the financial problems in the EU. We make it possible to pay all monthly recurring bills (like phone, energy or health insurance bills) on 1 day and make sure these bills are paid directly after the users receives their income. Because of this the FinBuddy user has more financial structure and will improve their financial health. Our paying customer are the companies that deduct the monthly recurring bills. Because of FinBuddy their bills are paid in time thereby reducing costs and make them able to focus their attention on customers that have real financial stress. Because of this the service is free for our end-users.

Basic details

Amount raising
250K
Monthly revenue range
pre-revenue
Location
Noord-Brabant
Industry
FinTech
Founders
linkedin profile of founderlinkedin profile of founderlinkedin profile of founder
Last updated:
August 31, 2022

Key Achievements

  • We won multiple (inter)national awards like the Rabobank Moonshot (competitors from NY, Australia, London etc.) We did a successful pilot with 5.000 customers from one of the biggest electricity companies in the NL Finbuddy customer satisfaction is 4,7 out of a 5 star rating FinBuddy users experience the max 5 min customer journey as a 4,8 out of 5 star rating Software is scalable in the entire of Europe Proven concept by expanding all our pilot partners to paying customers in 2022.
  • We already had a first funding round of 230k. Including partners like Rabobank (120k), Ondernemerslift+ (50k) and a private investor.

Premium Details Available

  • Growth rate (month over month)
  • Contextual explanation on monthly revenues
  • Number of paying customers
  • Number of active users
  • Percentage of company owned by founders
  • Amount raised in the past
  • Is there a lead investor?
  • Amount in this round already committed
  • When aiming to close this round?
  • Percentage of their time founders are spending on this.
  • Is there a founder with previous c-level or founder experience?
  • Is there a founder with exit experience?
  • Is there a founder with previous sector experience?
  • Is there a women founder with at least 5% in the team?
  • Year founded
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Premium Details

(Data is self reported)
Growth rate month over month
Monthly revenue context
We had to invest in IT, fte and marketing first. This quarter we started sales and are expecting our first 2 or 3 corporate clients to sign in Q4 2022 (companies like Essent, DELA,ANWB, T-Mobile etc.). We already did a pilot at Essent with 5.000 customers in Q1, they will probably sign in Q3 this year. Future revenue is expected to be +1 miljon each year for just the NL.
Number of paying customers
0
Monthly active users
1000
How much have you raised in the past?
Do you have a lead investor?
How much of this round already committed?
When are you aiming to close this round?
Patent status
Year founded
2021
How much time do the founders spend on the business?
Is there a founder with previous co-founder / c-level at startup experience?
No
Is there a founder with previous Sector Experience?
Yes
Is there a founder with previous Exit Experience?
What percentage of company is owned by founders?
80-99% owned by founders
Is there a women founder with at least 5% of the shares?

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