Created in Lyon in 2016 by three French entrepreneurs, Agicap is one of the fastest scale-ups in Europe, with over 8000 customers, 550 employees and fast revenue growth (7x between 2021 and 2024). Agicap is part of the FT120, rewarding the most promising startups in France. We have raised €145M since our creation, with prestigious VC funds including AVP, Greenoaks, Partech and BlackFin, with a last round in November 2024.
Our ambition is to become the leader in all-in-one Treasury Management for SMEs and Mid-Market companies worldwide. What do we mean by all-in-one?
Historically, Agicap has been devoted to helping SMBs and Mid-Market companies to efficiently manage and forecast their cash flow. Cash is King and we believe it’s the best entry door to the CFO suite : high mission-criticality, low equipment rates, limited competition, and reasonable acquisition costs…
In 2022, we decided to go beyond the regular Treasury Management scope, by adding operational solutions that help companies improve their cash performance (reducing WCR, increasing financial result, etc.):
- Accounts Payable & Spend Management - automating the full payment process of a company to increase cost control and increase productivity
- Accounts Receivable - a client cockpit to reduce DSO and unpaid invoices
Spend Management has therefore become a strategic topic for us and a way to increase stickiness, retention and cross-sell revenues while diversifying our revenue streams.
And we believe it is the right moment to accelerate our go-to-market :
- Our product is now competing with Spend pure players
- Synergies with our core product are higher than ever
- The market is flourishing
- We just concluded a €45M funding round led by AVP
What do we include in Spend Management ?
Our Spend Management product focuses on automating the full payment process of a company to increase cost control and increase productivity:
Purchase-to-pay :
- Purchase Order Management
- Invoice Management
- Payment Automation
- Pre-accounting
Corporate Cards :
- Physical & virtual cards management
- Receipt collection
- Budget Management
- Subscription Management