A French Fintech Disrupting the B2B Invoicing Market
A trio of 30-something entrepreneurs, including one who just turned 30, have founded a French fintech with the mission to disrupt the B2B invoicing market. The founders, all between the ages of 30 and 31, aim to address the invoicing challenges they have encountered in their previous startup ventures. Their fintech solution, Flowie, is designed for businesses seeking visibility over their cash flow and suppliers.
Flowie’s innovative offering simplifies the invoicing system while tackling issues such as fraud detection, accounting, and VAT declarations across Europe. Yann Ravel-Sibillot, one of Flowie’s co-founders and CEO, brings extensive experience in managing invoices at scale. As the former CTO of the restaurant chain Big Mamma and contributor to insurance checkout flow Sunday, Ravel-Sibillot understands the complexities of invoice management.
Streamlining Invoicing with Tech Integration
Recognizing the need for efficient invoice management, Flowie integrates with a business’s existing systems, including contracts and order numbers. Additionally, it seamlessly connects with CRM systems to gather vital contextual information about clients and suppliers. By syncing with a business’s bank account, Flowie enables payment tracking and initiation of new payments. This comprehensive tech stack significantly alleviates the administrative burden associated with managing invoices for businesses.
Flowie’s initial launch took place in France, with future plans to expand into other European markets. The current team, consisting of 11 individuals, has ambitious hiring plans, aiming to increase the workforce to 20 by year-end. Flowie is actively recruiting a diverse range of executives, such as salespeople, developers, and AI experts, to support its growth trajectory.
Targeting €1 Billion Worth of Invoices
Flowie’s ultimate goal is to manage €1 billion worth of invoices by the end of the year. With its disruptive approach and focus on enhancing financial processes, Flowie is poised to revolutionize the B2B invoicing sector.
