Fintech Flow Offering Fast Money Management Solution Nets Funding Of € 3.5M

April 21, 2022 | 2 minutes read

Amsestradam based Fintech startup Flow providing efficient self money driving services has roped funding of €3.5 million

With an aim to provide people right tools to build a sustainable financial future the startup has secured funding of €3.5 million. Flow’s seed funding round was led by Eleven Ventures, Rock Salt- venture arm of SaltPay. With the inclusion of angel investors Silverflow co-founder Robert Kraal (former COO Adyen), Marnix van der Ploeg (Booking.com),Hristo Borisov (founder and CEO of Payhawk), and finally Travel Health Group’s owner Arnoud Aalbersberg.

The Netherlands ’ fintech startup was founded in 2019 but was launched in 2020 by Danny Wilson, and Daan Van Klinken. Co-CEO and Co-Founder Daan talking about the startup’s ambition to become the number one fintech said

-“This will help us realise our ambitions to become the leading self-driving money player, not only in the Netherlands but ultimately across Europe.”-

fintech
Flow App. Image Credits: Flow

Indubitably, the Fintech industry in Europe among all other regions in world has witnessed expedited growth. As per figures, the global fintech market is forecasted to grow and reach a value of $305 Billion by 2025. This is one of the major reasons that investors are opening up their wallets to fintech startups such as Payaut, Wealthyhood, money box , Flapkap, and Clear Bank

But Flow is quite different as it offers a flexible solution. It has constructed a fast growing money automation platform with a series of user-defined triggers. This helps in the automatic route of income flows for example to budgets, saving accounts and investments.

Moreover, users can also set up a workflow that can aid in automatically budgeting and prioritising income(s). Furthermore, this fintech app is also very useful for people with irregular incomes such as freelancers and self-employed professionals. As it offers them tailored version of the service thus helping them to save for taxes, insurance, and pensions. 

This fresh injection fund will help the startup fulfill its plan of expanding all across Europe.