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Viropay

Viropay is developing a financial management platform for SMEs that struggle to digitize, centralize, and automate their financial infrastructure with the help of AI.
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Premium Details Available

(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue
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Growth rate month over month
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Monthly revenue context
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Number of paying customers
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Monthly active users
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INVESTMENTS

Do you have a lead investor?
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How much have you raised in the past?
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How much of this round already committed?
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When are you aiming to close this round?
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TEAM

How much time do the founders spend on the business?
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Is there a founder with previous co-founder / c-level at startup experience?
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Is there a founder with previous Sector Experience?
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Is there a founder with previous Exit Experience?
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What percentage of company is owned by founders?
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Is there a women founder with at least 5% of the shares?
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Is there a founder with a EUR / Erasmus MC or TUDelft relation?
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Graduation year from EUR, Erasmus MC or TUDelft
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OTHER

Year founded
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Patent status
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Premium Details

(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue
€1K - €5K
Growth rate month over month
>16%
Monthly revenue context
We currently have 25 (monthly) paying customers on an active membership. Our MRR per user is approximately €100. Viropay released its first revenue-generating prototype in October 2023.
Number of paying customers
25
Monthly active users
25

INVESTMENTS

Do you have a lead investor?
No
How much have you raised in the past?
We have raised €125.000 in the past. This investment was from a family member from Ruben Altena, one of the co-founders.
How much of this round already committed?
0
When are you aiming to close this round?
Q2 of this year

TEAM

How much time do the founders spend on the business?
100%
Is there a founder with previous co-founder / c-level at startup experience?
Yes
Is there a founder with previous Sector Experience?
No
Is there a founder with previous Exit Experience?
No
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?
No
Is there a founder with a EUR / Erasmus MC or TUDelft relation?
None of these
Graduation year from EUR, Erasmus MC or TUDelft

OTHER

Year founded
2021
Patent status
This is not important for us as of right now.

Basic details

Amount raising
300000
Country
Netherlands
Industry
FinTech, AI/ML, Saas
Founders
linkedin profile of founderlinkedin profile of founderlinkedin profile of founder
Last updated:
January 21, 2024

Key Achievements

  • In the past year, we built and released the first MVP of Viropay. We successfully onboarded our first customers to actively test and use the platform. We attracted these customers through our own mailing list and via different Discord communities. No acquisition costs were incurred. Additionally, we established a partnership with Weavr, one of the leading embedded finance suppliers in the UK. Because of this partnership, Viropay can now offer its services to SMEs in 32 countries in the EU and the UK.
  • In addition to the above accomplishments, we have welcomed two technical individuals to the Viropay team. One of them recently left college to fully invest his time in Viropay. Since we have successfully built and sold another software company before, we understand the importance of a strong development core in the Viropay team.

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