Chift raises €10.5M Series A to scale financial connectivity across Europe

Chift, a Brussels-based fintech company, has secured €10.5 million in Series A funding to expand its financial software connectivity platform across Europe and enhance its AI capabilities. The investment round was spearheaded by BlackFin Capital Partners, with additional backing from Entourage, Shapers, Seeder Fund, and Wallonie Entreprendre.

Chift's founders, Gauthier Henroz, Henry Hertoghe, and Matthieu Hertoghe, launched the company in 2022 to create infrastructure that enables software companies to seamlessly connect with financial tools utilized by businesses. These tools span accounting, invoicing, point-of-sale, e-commerce, payment, and property management systems.

As businesses rely heavily on multiple software products for financial operations, integrating these platforms can be a complex and time-consuming process, requiring separate integrations for various platforms and markets. Chift aims to streamline this process through a unified API, enabling software companies to integrate once and connect with over 120 financial systems across six categories.

The surge in AI adoption and the implementation of e-invoicing requirements across Europe is driving the demand for interoperability between financial software. AI-based financial products rely on data access across existing business systems, while the broader adoption of electronic invoicing is moving financial processes onto digital platforms.

Gauthier Henroz, Chift's co-founder and CEO, highlighted the transformative impact of AI and e-invoicing on the financial software market, emphasizing that businesses now depend on more tools than ever. He stressed that interoperability is becoming the defining challenge for European small and medium-sized enterprises (SMBs) in finance, as systems are fragmented across 27 countries.

Chift aims to address this fragmentation by developing the infrastructure that connects all these systems. The Series A funding will enable Chift to enter new European markets and further develop its AI capabilities, with a focus on creating integrations that can configure themselves with minimal manual setup.