Danish Fintec Startup Groundley A € 970k seed fund has successfully closed a € 970k seed fund to accelerate the mission of converting financial insights and sustainable tracking to greater initiatives.
The round has the support from both the new and existing angels in investors, including Loan and Christian Dadricksen in the round. The investment keeps the startup evaluation of € 4.6 million.
“The team behind Groundley is making what we see as a revolutionary AI engine for smart finance“Said ChristianInvestor and Financial Advisor to Dedericksen & Company.
Established in 2021, Groundley Ahmed Sabah, Jeppe was founded by Georgensen and Mads Zaidler. Startup has created an AI-driven platform that helps to unlock the grants of the large companies at the external expenses, track emissions and discover the opportunity to spend on the enterprise resource planning system, country, legal entity and a complex web.
What distinguishes the ground is the age or configuration-which is the ability to integrate with an ERP system-to collect line-line from the shipment, to classify the data under the GHG emission department and automatically calculate carbon footprints of an organization.
It combines it with real-time spending and emission dashboards, controlling users’ instant insight and sustainability and financial performance.
One of the largest shipping companies in Denmark is already deployed by major companies, the solution has begun to prove its value in reality. Groundley equipment addresses a restriction on conventional ERP systems, which are often lacking in depth to understand that traders are spending their money.
Spend the cubes for sustaining with the three-part solution, checking the emissions for sustainability and invoice for accounting-Grandley collection, sustainability consent and aims for pain points throughout financial accuracy.
The target manufacturers and other large initiatives of the platform are to flow to the flow, to help the collection skills identify and reduce accounting defects, everything is contributing to their ESG goals.
According to the internal data of the groundley, clients can probably save 2% expenditure, reduce 0.5 feet to work pressure and completely eliminate the significance of invoicing accounting.
Groundley also does a strong case for reality and ease of implementation.
“We manage each ERP system – without considering how many people you use or how old they are – as long as the data is accessible, we make sure everything is read properly, the numbers are added, and the process goes automatically,” At the group Groundley Dr.
With the new capital, Groundley will scale its activities, increase its AI capacity and expand its reach in the European Enterprise Landscape.
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