MagniFinance

b2b fintech

FOUNDING YEAR: 2015
LOCATION: Portugal
Last Update: 17/07/2020

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About

MagniFinance is a financial management platform for businesses. We want managers to be able to run their business' money in just 5 daily minutes. MagniFinance automates 90% of all financial management tasks and does all the heavy lifting so you can manage your finances with no typing. MagniFinance supports the entire financial management process, from invoicing; payable and receivable control, expense management; and from this information cashflow prediction. We give our customers automations such as a proprietary bank extract synchronization that already works with all Portuguese banks and is applicable to banks worldwide, automatic expense recognition, one click reconciliation and more.

MEDICI Analysis

MagniFinance provides an online platform for cashflow prediction and management for small and midsize businesses. MagniFinance supports the entire financial management process, from invoicing; payable and receivable control, expense management, financial projections , bank account synchronization and reconciliation bank statements.

Focus

PRODUCTS & SERVICES

Automated finance management tool for businesses

REVENUE MODEL

The company follows monthly subscription based model.

MAIN CLIENTS

BeyonIdeas.com

Veterinary HCMAE

Tacerto

WebCRM

Francisco Ramos & Sons

Ltd.

B2U International Trading

Luma

COMMENT

Magnifinance cashflow management tool which makes financial projections based on recurring invoices of suppliers and their invoices and the payment estimates.

People

FOUNDERS

Andre Silva

Diogo Nesbitt

Jorge Rodrigues dos Santos

BOARD MEMBERS AND ADVISORS

Stephan Morais

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Caixa Capital

Momentum

FUNDED

NO

TOTAL FUNDING

$223.66 K

DATE OF LAST FUNDING

Mar 2015

SEED & PRIOR FUNDING

$223.66 K

SEED CLOSED ON

Mar 2015

LISTED

NO

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