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Belgium-based Chift, a supplier of unified APIs for enterprise software program integrations, introduced that it has raised €2.3M in a seed spherical of funding from funding corporations and enterprise angels to assist its development.
The spherical was led by Entourage, a Ghent-based fund specialising in B2B SaaS, based by Pieterjan Bouten, the previous CEO of Showpad.
Different traders embody Shapers, a fintech-focused fund primarily based in Lisbon managed by Philippe Teixeira da Mota, who has a observe file with corporations like Qonto, Lydia, and N26.
Seeder Fund, an early investor, elevated its stake in Chift because of the firm’s current development trajectory.
Moreover, enterprise angels from Belgium, France, the Netherlands, and Spain, all leaders within the fintech trade, additionally participated within the funding spherical.
Chift founder, Gauthier Henroz, says, “We acquired a number of curiosity for our fundraising, permitting us to decide on the very best traders when it comes to private match, experience, and community. The brand new traders had the very best arguments: Entourage for its community and “founder-led” DNA and Shapers for its unimaginable fintech experience.”
“Our enterprise angels are additionally extraordinarily well-connected within the sector and all through Europe. We’re thrilled to have them on board!”
Chift eases integrations for software program distributors
In line with Chift, integrations empower SaaS corporations to hyperlink with different software program merchandise, usually utilizing software programming interfaces (APIs), to boost person worth. With a rising array of enterprise software program out there, it’s essential but advanced for SaaS corporations to develop, preserve, and monitor integrations with varied third-party distributors.
Small and medium enterprises (SMEs) depend on over 20 SaaS purposes on common, which should be synchronised to maximise worth and forestall knowledge silos. Nonetheless, constructing these integrations is advanced and costly.
Chift streamlines operations for SaaS corporations and builders by simplifying enterprise software program integrations via unified APIs. This strategy grants entry to a number of software program connections with only one integration, saving time, cash, and sources.
Henry Hertoghe, CTO of Chift, says, “By integrating with Chift, SaaS corporations permit their shoppers—usually SMEs—to attach their monetary instruments with a single click on. It’s a game-changer when it comes to productiveness.”
Via Chift’s platform, companies can improve their core product choices, achieve a aggressive edge, develop their Whole Addressable Market (TAM), and foster collaboration throughout the fintech ecosystem.
Based in 2022 by Gauthier Henroz, Henry Hertoghe, and Matthieu Hertoghe, Chift onboarded shoppers in Belgium and France. The corporate is presently lively in Belgium, France, Luxembourg, Switzerland, Germany, the Netherlands and the UK.
Capital utilisation
The funding will propel Chift’s early development, aiming to steer in offering European SaaS corporations with the quickest and “most” safe integration options, benefiting builders, prospects, customers, and companions.
In 2024, Chift claims to have established itself within the European software program trade by attracting main fintech shoppers corresponding to Pennylane, Agicap, Pleo, Mollie, and Qonto, facilitating streamlined integrations with different enterprise software program suppliers.
With the raised funding, the corporate plans to recruit new folks for every function and double its staff by 2025.
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