Technology

The Lyon-based Agicap, specialist in SaaS mode treasury, raises $ 100 million

Massive fundraising announcements made by French start-ups have multiplied in recent hours. After Contentsquare and its more than 400 million euros at the start of the week (a record for French Tech!), Here it is the Lyonnais of Agicap who report a fundraising of 100 million dollars from the fund Californian Greenoaks.

Here too, the company’s product is software in SaaS mode, this time intended for cash management.

Agicap is a fintech created in 2016. This third fundraising, which values ​​the company at more than 500 million dollars, should allow it to establish itself in ten additional countries. The first funding round was $ 2.5 million two years ago. Last year, the company raised $ 18 million.

“This period of confinement confirms to us, more than ever, that” cash is king “”

Agicap was founded by three entrepreneurs, Sébastien Beyet, Clément Mauguet and Lucas Bertola, aged under 35. Agicap’s turnover has increased tenfold in 18 months and its workforce has grown from 8 to more than 200 people in two years. The target clientele is that of small and medium-sized businesses. Agicap wants to exceed 10,000 customers by the end of the year. Its annual turnover for the time being remains at 5 million euros.

“This period of confinement confirms to us, more than ever, that” cash is king “for SMEs. Agicap supports them on a daily basis in their decision-making by providing them with a reliable view of their cash flow, ”explained Gabrielle Thomas, Director of Investments at BlackFin Capital, to justify this new investment.

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