Helsinki-based fintech startup FinanceKey has raised €3 million in seed funding to revolutionize treasury operations for large enterprises. The round was led by early-stage investor Maki.vc, with continued backing from First Fellow Partners. Founded by ex-Nokia treasury veterans, FinanceKey eliminates manual, spreadsheet-heavy workflows by unifying banking, ERP, and treasury systems into a single, automated platform. With over €1.5 billion in transactions already processed and clients like Nors, Bravedo, and Obton reporting seven-figure annual savings, the new capital will fuel product development, team expansion, and European market entry—pushing FinanceKey’s mission to modernize treasury infrastructure for a digital-first era.
Many large enterprises still struggle with outdated tools, fragmented systems, and spreadsheet-heavy workflows. In fact, treasury and finance professionals in large companies spend the majority of their time on low-value tasks like reconciliations, payment execution, and bank integrations. Without a clear, real-time view of cash across accounts and entities, finance teams struggle to manage liquidity, forecast accurately, or respond confidently to shifting market conditions.
FinanceKey offers a fundamentally different approach: a single, streamlined platform that connects banking, ERP, and treasury systems, standardizes financial data, and fully automates payment processes. It delivers real-time visibility, automation, and control in one unified platform. The solution streamlines global treasury operations, reduces manual workload, and enables finance teams to operate with precision and agility. Designed for flexibility, the platform can be used as a standalone dashboard or integrated seamlessly into existing systems, with no custom development required. FinanceKey is tapping into a major shift: finance teams are no longer just back-office operators but strategic powerhouses.
The company was founded by former Nokia treasury leaders Veikko Koski, Macer Skeels, Tiago Batista, and Rony Meyer, who experienced firsthand the limitations of legacy treasury tools and set out to build a system designed for the speed and scale of modern finance teams. With over €1.5 billion in payments automated to date and steady month-over-month growth, FinanceKey is already used by multinational clients including Nors, Bravedo, and Obton, who have reported up to €1 million in annual savings through payment automation in the first year. The global treasury management software market is projected to reach over €10 billion by 2030, with broader financial operations and embedded finance platforms pushing the total opportunity beyond €100 billion.
The new funding will power FinanceKey’s product development, team growth, and expansion across Europe, while accelerating FinanceKey’s mission to transform the global treasury infrastructure.
“We’ve seen firsthand how disconnected systems and repetitive manual workflows slow finance teams down, they deserve better tools – ones that unify fragmented data and free them to focus on strategic decisions. This funding lets us scale a platform already driving results for top-tier enterprise clients,” said Veikko Koski, CEO of FinanceKey.
“Treasury teams are turning to FinanceKey because we’re not just patching over old problems – we’re tearing up the rulebook,” said Macer Skeels, CTO and co-founder of FinanceKey. “We’re reimagining how treasury works, with a platform that lets teams move faster, adapt freely, and evolve without limits.”
“With FinanceKey, we finally have real-time visibility across our global accounts and a solution tailored to each region’s complexity. Within months, we replaced a fragmented, manual Excel process involving 20 people with a streamlined, automated system. The savings achieved through the group’s treasury management using this tool far exceeded our expectations. FinanceKey isn’t just a vendor, they’re a partner helping us shape the future of treasury”, said Tiago Prista, Head of Finance, Nors Group.
“The team at FinanceKey has deep expertise and has created a product that solves a clear, urgent need in the market,” said Tim Bolte, Venture Partner at Maki.vc. “The traction they’ve achieved with large enterprises speaks volumes, and this is just the beginning.”
“FinanceKey is building the kind of infrastructure every treasury team wishes they had, clean, reliable and easy to integrate,” said Kim Groop, Partner at First Fellow Partners. “They’re not just adding a layer of visibility; they’re simplifying the entire treasury backbone.”
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Read the orginal article: https://arcticstartup.com/financekey-raises-e3m-seed/
