Belgian FinTech startup Husk announced today they raised €1 million pre-Seed funding round to make help startups experiencing rapid early growth optimise and manage their rising costs.
This included support from the international accelerator programme Techstars, investment funds Birdhouse Ventures, NewSchool.vc and experienced business angels. As the payment service provider, Stripe provides the European licence for card issuing, and Mastercard is also supporting Husk in its continued growth.
CEO Christophe Sion said: “We give startups instant access to corporate cards with meaningful credit limits, which means their employees can make payments that are only due one month later. Startups can develop their own card programme through our platform to suit their specific needs. All of the company’s bank accounts are linked to the Husk platform.
“Through data analysis, we monitor the financial health of the startup and the entrepreneurs get a real-time view of their expenditure patterns and the financial health of their business. Based on this data, we can also adjust the limits on the corporate cards.”
Founded in 2023 by Christophe Sion and Georgy Taranov, Husk provides startups with corporate cards with credit built-in and real-time financial monitoring tools on one platform, to help them manage and optimise cash flow.
A unique feature of the Husk platform is its dynamic risk model, developed with support from VLAIO. It allows Husk to work with these startups, even if they are unable to provide a financial history. Thanks to advanced data analysis, entrepreneurs reportedly receive detailed and real-time insights into their financial health and expenditure patterns.
“In a flourishing startup, you have two employees on day one and twenty the next day. And as a company, you need to keep up with that pace. Husk offers a solution for the financial challenges faced by these fast-growing startups,” explains Sion.
In September 2024, Husk signed a partnership with Stripe, the online payment service, to handle the card issuing licences. Stripe also has licences in the United Kingdom and the United States, giving Husk the opportunity for international expansion. In October 2024, a partnership with Mastercard was also formed, supporting Husk with the continued growth of their payment cards.
By leveraging their strategic partnerships, Husk reportedly offers:
- Flexible Payment Solutions: Get the physical and virtual cards your growing team needs.
- Enhanced Liquidity: Benefit from a smoother repayment term, giving your cash flow more breathing room.
- Real-time Spending Control: Monitor your expenses as they happen and make immediate adjustments.
- Higher Payment Limits: Access the financial flexibility essential for scaling operations.
Interchange fees make up one of two revenue streams for Husk. These are the transaction costs charged to a merchant when a company pays them with a Husk card. In addition, Husk generates income with SaaS subscriptions. The basic licence for the platform is free for startups; with the SaaS subscription they also enjoy access to advanced tools to manage payments efficiently, analyse transactions and optimise cash flow.
“We always begin with an automated assessment, after which we conduct a risk analysis. Since the launch in February ‘25, 16 companies have successfully passed the assessment. They are now also using Husk. We expect to serve at least one hundred startups by late 2025, and a thousand by the end of 2027.
“We are giving priority to tech startups who have already completed an investment round. After all, they owe it to their investors to invest capital smartly for growth. In Belgium, about two thousand startups are eligible, while in Europe there are three hundred thousand,” adds Sion.
In the long-term, Husk also plans to expand to mid-market companies and e-commerce companies.
Additional features include integrations with accounting software and AI functionalities that can provide answers to customers’ financial questions plus clear insights, as well as helping them to set up and use the corporate cards.
Read the orginal article: https://www.eu-startups.com/2025/05/brussels-based-fintech-startup-husk-raises-e1-million-to-help-startups-optimise-costs-and-manage-their-cash-flow/
