Soan raises 3.2 ME with Seventure Partners and Allianz Trade to lighten the burden of cash management for VSEs and SMEs

(Boursier.com) — SOAN raises 3.2 ME with Seventure Partners and Allianz Trade to lighten the burden of cash management for VSEs and SMEs. This funding round will enable Soan to accelerate its commercial development in a market which represents more than 95% of French companies.

Founded in 2018, Soan is a French Fintech that wants to support the development of VSEs / SMEs through a complete financial management solution, for better visibility on all financial flows. The company announces today, a fundraising (series A) of 3.2 ME led by Seventure Partners, alongside Allianz Trade and historical investors (pool of business angels). Part of the overall amount is raised in debt, with a contribution from Bpifrance. Since its creation, Soan has raised a total of 4.7 ME.

Meet regulatory objectives while reducing the mental and administrative burden of VSE / SME managers
Between 2024 and 2026, all companies will have to comply with the obligation to dematerialize their invoicing. With an administrative burden that represents nearly half of their time, VSE/SME managers are now looking for solutions to simplify their daily lives and allow them to devote themselves to the development of their business. Soan has developed a SaaS solution, based on a subscription business model, specifically dedicated to the financial and cash management of VSEs/SMEs (invoicing, reminders, payments, collections, etc.), efficient and easy to implement.

Reduce payment times thanks to a simple and commission-free tool, Soan’s DNA

Soan is today the only solution that offers VSEs / SMEs complete management, from the estimate to the pre-accounting through payment for customers and suppliers. The various observatories published in recent years show that VSEs/SMEs struggle to enforce payment deadlines for their invoices. In fact, they are under pressure on their cash flow, putting a large number of them in critical situations.
It is therefore with a view to streamlining regulations that Soan wanted to allow VSEs / SMEs to pay and get paid in one click. Bank card, split payment, instant transfers, IBAN, direct debits: all means of payment are available natively in the solution. In addition, there is a collection offer, in partnership with Allianz Trade.