Loading organizations...
§ Private Profile · Landsbergerstr. 155 / Haus 1 80687 Munich Germany
Software company developing and distributing financial management software for business organizations, focused on finance, cash flows, and purchasing.
Based in Munich, Germany, finway develops and distributes specialized financial management software designed to help commercial organizations efficiently manage their cash flows, corporate spending, and purchasing processes. The company provides a comprehensive technology solution that replaces fragmented manual workflows with an integrated software-as-a-service platform tailored specifically for the financial departments of small and medium-sized enterprises. Operating within the highly competitive European financial technology sector, the organization has demonstrated consistent commercial scaling and is currently projected to generate an annual revenue of $12.6 million by 2026. Prior to its strategic acquisition by the prominent French business finance unicorn Qonto, the enterprise successfully secured early-stage venture capital backing from notable institutional investors including Capital300, Force Over Mass, and btov Partners. Finway was officially established in 2020 by co-founders Csaba Krümmer, Jennifer Dussileck, and Philipp Rieger.
finway has raised $10.0M across 1 funding round.
finway has raised $10.0M in total across 1 funding round.
Finway refers to multiple technology companies, with the most prominent being Finway (finway-eg.com), an Egyptian fintech firm founded in 2021 that provides ATM solutions, self-service kiosks, and e-payment systems to banking and non-banking sectors in Egypt, the Middle East, and Africa.[1][2][4] It builds hardware and software for cash recycling ATMs, interactive teller machines, payment kiosks, and POS terminals, serving financial institutions, retail, government, and other industries to simplify operations, boost security, and drive financial inclusion through partnerships with global leaders like Hyosung, Aisino, and GMV.[1][2] A distinct entity, finway (softwareadvice.com), is a German accounts payable SaaS platform starting at €199/month, helping businesses manage invoice processing, payments, expenses, budgeting, and liquidity with features like virtual cards, workflows, and DATEV integration.[3] Other minor players include a Vietnamese software development firm.[5]
Finway (Egypt) empowers sectors with scalable tech for efficient financial services, emphasizing innovation, trust, and reliability, while reporting strong regional traction via exclusive representations.[1][2] The SaaS finway targets mid-sized firms for streamlined AP automation, earning praise for user-friendly workflows and cost control.[3]
Finway (Egypt) was founded early in 2021 as an Egyptian company committed to accessible financial solutions in emerging markets.[1][4] It emerged from a vision to transform digital financial services by representing global innovators like Hyosung for ATMs and kiosks, and partnering with Aisino for POS, quickly expanding self-service tech across the Middle East and Africa.[1][2] Pivotal early moves included integrating AI-driven banking solutions and security platforms, building on values of innovation and trust to gain traction in banking automation.[1]
The SaaS finway lacks detailed public founding backstory but operates as a specialized AP tool with integrations for European accounting, suggesting a focus on fintech efficiency for businesses since at least 2025 reviews.[3] The Vietnamese Finway Technologies emphasizes global software dev expertise without specified origins.[5]
(Vietnamese firm differentiates via expert software dev teams for global clients.[5])
Finway (Egypt) rides the fintech self-service wave in emerging markets, where cash-heavy economies demand secure, accessible ATMs/kiosks amid digital transformation—timing aligns with rising financial inclusion needs post-COVID and AI banking adoption.[1][2] Market forces like cybersecurity threats and non-bank digitization favor its Hyosung/GMV integrations, influencing ecosystems by modernizing retail/banking touchpoints in underserved regions.[1][4] The SaaS finway taps AP automation trends in Europe, automating manual finance amid inflation and remote work, reducing errors via AI workflows and boosting liquidity management.[3] Both exemplify niche fintechs scaling via partnerships, contributing to efficient global payments without disrupting incumbents.
Finway (Egypt) is poised for regional dominance in self-service fintech, expanding AI-enhanced ATMs/kiosks as EM digital adoption surges—watch for deeper Africa penetration and new OEM ties.[1][2] SaaS finway eyes SME growth with expanded integrations, riding AP digitization amid economic volatility.[3] Trends like AI security and embedded finance will amplify their edge, evolving influence from niche providers to ecosystem enablers—echoing their mission to simplify and secure financial futures.[1]
finway has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Series A in February 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2023 | $10M Series A | Jack Zhang | 468 Capital, 50 Partners, LA Famiglia, Plaid, Venga!labs, Y Combinator, Didier Valet, Gabriel Jarrosson, Pierre Lavaux, 10X Group, Btov Partners, Force Over Mass | Announced |
finway has raised $10.0M in total across 1 funding round.
finway's investors include Jack Zhang, 468 Capital, 50 Partners, La Famiglia, Plaid, Venga!Labs, Y Combinator, Didier Valet, Gabriel Jarrosson, Pierre Lavaux, 10x Group, btov Partners.