Incard closes £10M Series A to expand its financial platform
London-based Incard has secured £10 million in Series A funding to enhance its financial platform designed for high-growth digital companies. This investment, led by Smartfin and supported by Founders Capital, MountFund, and angel investors, signifies growing confidence in European fintech solutions addressing the unique needs of the digital economy. The funding will fuel Incard's expansion and product development, underscoring a trend towards specialized financial tools for the tech sector. Incard's core offering is a financial operating system that consolidates essential functions like banking, payments, and invoicing into a unified platform. Launched in 2024 by a team of experienced entrepreneurs, the system aims to overcome the fragmentation often encountered with traditional banking services. It provides real-time cash flow visibility and spend insights, integrating with industry-specific workflows and add-ons to support scaling digital businesses. The platform's appeal lies in its ability to provide a centralized control layer for a company's financial stack, offering business banking, corporate cards, and connected accounts through a single interface. Incard's App Store allows companies to extend functionality with tools for invoicing, spend management, and treasury, making it adaptable to various stages of growth. With this new funding, Incard plans to expand into new markets, including further into Europe and the US, and invest in AI-driven financial workflows to automate and optimize operations.
Curated and translated by Europe Digital for our multilingual European audience.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.