"Admin is Europe's growth tax": Agent F raises $4M to automate it away
When a startup's press pitch cites the Draghi report — with a reminder that not a single company with a market value above €100 billion has been built from scratch in the European Union in the past fi...
Berlin-based startup Agent F has secured $4 million in pre-seed funding to develop AI agents that automate accounting, financial controlling, and planning for high-growth companies. The company's software aims to consolidate financial information from various systems, reducing the time spent on manual data collection from hours to just one hour per week.
Agent F's AI agents connect with existing financial and operational systems, track key performance indicators, and provide a clear overview of the business without requiring significant changes to the company's operations. The platform is designed to evolve alongside the company, adding functionality as its operations become more complex.
Agent F's approach contrasts with traditional ERP systems that require businesses to adapt to a standardised system. The company's AI agents are not meant to replace finance professionals, but rather to support decision-making and reduce administrative stress. The technology is designed to work under human supervision, with final approval always required for consequential financial actions.
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