"We aren't disclosing the exact valuation, but we have managed to increase it substantially since 2021," co-founder and CEO Sébastien Beyet told TechCrunch. Pressed on this he gave us a hint of the new valuation: Les Échos previously reported that Agicap was raising at a valuation between €700 million and €800 million (or $750 million to $860 million) - and Beyet said: "We're sticking with this range."
Agicap's relative success comes down to a narrow focus on treasury management software - it isn't trying to do everything at once like most fintech startups.
When asked about the tool of choice to manage and forecast their cash positions, 80% of them answered Excel.
The fintech startup previously raised $100 million, back in 2021, right in the middle of the digital funding frenzy around the pandemic.
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