Amsterdam-based Duqu raises €1.5 million to unlock cash tied up in unpaid invoices
Duqu, an Amsterdam-based FinTech startup that gives businesses immediate access to money tied up in outstanding invoices, has raised €1.5 million in a pre-Seed round from Curiosity VC and No Such Ventures. The company has also developed its own AI underwriting engine, automating 95% of the credit assessment process. It also offers the technology as […] The post Amsterdam-based Duqu raises €1.5…
Amsterdam-based FinTech startup Duqu has secured €1.5 million in a pre-Seed funding round led by Curiosity VC and No Such Ventures. The company has also developed an AI-driven underwriting engine that automates 95% of the credit assessment process.
Duqu's platform allows businesses to receive immediate cash advances on unpaid invoices, eliminating the wait time businesses currently face. Nearly half of B2B invoices in Western Europe are overdue, tying up funds that businesses need for expenses like salaries, inventory, marketing, and hiring.
Unlike traditional factoring, Duqu retains control of the customer relationship and businesses only pay a fee when they utilize an advance. The company's AI-driven underwriting engine can process smaller credit applications profitably, making it attractive for businesses with limited working capital needs.
Duqu plans to use the capital to expand both its business and white-label solution for banks, lenders, and leasing companies. The technology is modular and can be deployed outside Duqu's platform, allowing other lenders to assess applications in line with their credit policies.
Currently, Duqu has around 1,500 users and has processed €4.6 million in applications, advancing over €1.2 million. The startup was founded in October 2025 by Maas de Goede, Victor Brouwer, and Diederik Nassenstein.
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