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Tallinn-based fintech Enty has successfully secured €700,000 in a seed funding round to propel its growth and innovation. The investment, led by TMT Investments Plc, Trado Capital, and a group of angel investors, will support Enty’s mission to become the go-to solution for financial, invoice, and contract management for SMEs across Europe. Established as a subscription-based service, Enty ensures compliance with EU, EEA, and UK regulations and has onboarded over 2,500 SMEs, reaching a €1 million ARR in 2023. The new funding will enable Enty to enhance its platform, streamline back-office operations, and extend its market presence.
Enty is a comprehensive control panel designed for the back-office operations of European SMEs. The platform allows businesses to seamlessly manage a variety of processes from a single interface, including invoicing with payment links, contract creation and e-signatures, financial monitoring and forecasting, staff recruitment, and automated accounting. By consolidating multiple functions into one subscription, Enty simplifies and automates essential yet often tedious administrative tasks, helping companies streamline their operations and focus on growth.
“Turbo-charged entrepreneurs don’t want to be dragged down by highly time consuming but essential back office tasks, ” says Kirill Zheleznov, CEO and co-founder. “Enty’s focus from day one on achieving product market fit has led us to identify the top requirements for SMEs: having all their back office operations on a single platform, whether it is invoicing, contract management, or cash flow modelling. Simplicity of use, delivered through an all-in-one platform, is what’s driving Enty’s growth. We are thrilled with the success of this funding round, which validates Enty’s approach and the strength of its vision.”
“With over 2,500 clients onboarded, Enty has proven it is clearly meeting a market need. As an investor, we were deeply impressed by Enty’s team and its resilience and ability to execute in high-growth environments. Enty has hit a sweet spot for European entrepreneurs, making it one of the most attractive options available for SMEs wanting to save time and boost efficiency. The new investment will enable Enty to accelerate growth, enhance its product offering, and expand reach to all European markets and we look forward to charting its progress,” states Alexander Selegenev, Executive Director of TMT Investments Plc, which led the round.”
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Read the orginal article: https://arcticstartup.com/enty-raises-e700k-seed/
