AITech.euabout 2 hours ago
Finto raises $3.4M, picks Munich over Silicon Valley
2 min read
Finto, a German Y Combinator-backed startup building AI agents for accounting, raised a $3.4 million seed round from Y Combinator, Gradient, and Lightspeed. The company deliberately chose Munich over Silicon Valley, citing local talent from TU Munich, proximity to European customers, and access to SAP. Finto's AI handles invoice verification, account coding, and purchase-order matching, integrated with SAP, Microsoft Dynamics, and DATEV.
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