Published on Nov. 21, 2023 at 8:14 a.m.Updated Nov. 21, 2023 at 8:17 a.m.
The explosion in fintech valuations between 2020 and 2022 has not only made people happy. Since funding has dried up, financial start-ups have struggled to convince investors, particularly for series B, C and beyond. Indy is an exception by announcing a fundraising of 40 million euros led by BlackFin Capital Partners, alongside La Maison Partners and IXO Private Equity. The start-up does not specify the share of debt and equity, as for its previous funding round of 35 million announced in January 2021.
When it was created in 2016, Indy (then called Georges Tech) began by automating the accounting of self-employed people to allow them to do without an accountant. Little by little, the platform was enriched and integrated modules to create its structure, make quotes, invoices, bank synchronization and manage expense reports.