Italian FinTech startup Sibill raises €12 million to bring all-in-one finance platform to Italian SMEs
Milan-based Sibill, a FinTech startup specialising in solutions that simplify financial and administrative management for SMEs, announced the closing of a €12 million Series A funding round.
The round was led by the European venture capital fund Creandum, with participation from Keen Venture Partners and other Italian and international business angels – adding to the €6.7 million raised so far.
“This capital increase will enable us to strengthen the development of our platform, introduce new features, and build a network of strategic partnerships to support our growth. All the funds will be invested in Italy, where we see a huge opportunity: we know the reality of Italian SMEs, their challenges and potential, and we believe that – with the right tools – they can become significantly more productive and competitive,” said Mattia Montepara, CEO and co-founder of Sibill.
Founded in 2021 by Mattia Montepara, Lorenzo Liguori, and Dario Prencipe, Sibill simplifies the administrative and financial management of Italian SMEs by centralising invoices, payments, and deadlines in a single platform.
By integrating banking cashflows and the Angenzia delle Entrate’s exchange system, Sibill leverages AI to automate most manual tasks, reportedly providing real-time visibility of cashflow, helping businesses save time, keep their accounts organised, and make fast, accurate decisions.
The company now serves over 2,600 clients across Italy, helping entrepreneurs save an average of 5 hours per week. With a team of 50+ people, it aims to double in size by the end of 2025.