Sibill, a digital cash flow solution for SMEs

By Francesca Segato & Matteo Moscarelli Published on February 9, 2022

We’re honored to be backing Sibill, a digital cash flow solution for SMEs, in their €500K Pre-Seed round together with Founders and a cohort of top-notch business angels.

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European SMEs are struggling with cash flow management

The European Commission has recently found out that 200 thousand SMEs fail every year in the EU, causing 1.7M lost jobs. Bad cash flow management plays a crucial part in the problem, with 80% of failed companies stating that cash flow problems are the main driver of their failure, and it exposes SMEs to late payments and overdraft interests.

Managing cash flow is a painful and manual process for business owners, resulting in 3 to 5 hours of extra work a week which can rather be dedicated to other core business activities. A survey conducted on 113 Italian SMEs shows that 81% of respondents don’t have cash flow software and 28% of respondents don’t even have an ERP.

An underserved market

According to Eurostat, the total number of micro-enterprises in Europe in 2021 is around 21 million. In Italy alone, around 3.39 million micro-sized businesses were operating in the non-financial business economy in 2021, by far the most of any other country in the European Union.

Existing accounting tools are not targeted to these small businesses but are rather targeting medium and enterprise-size companies with more complex and pricy cash management solutions. Consequently, micro and small business owners often use spreadsheets to manage their financials and cash flows.

The Team Behind Sibill

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The platform integrates SME cash flow-relevant data sources, simplifying all operations connected to cash monitoring and management (e.g. automated reconciliation, B2B payments), and provides a smooth UX to manage small businesses’ finances and predict cash flows scenarios in the future. Sibill empowers entrepreneurs to take back control of their cash flow and make better business decisions. The vision of Sibill is to satisfy all financial needs on an E2E platform and the founding team is perfect to accomplish it.

We are incredibly proud to support such a great team with relevant and diversified experiences in top firms: Amazon, Klarna, Credimi, Everli, Endeavor. The Co-Founders have known each other for a long time and have complementary skills.

Sibill’s platform addresses a huge and growing market, offering a centralized, secure, simple, and fast one-stop solution for SMEs. Thanks to their market expertise and customer-focused approach, we know that the Sibill team will strongly improve the financial health of European SMEs and are excited to work with them.