FinanceKey raises €3M to expand treasury automation
Finnish fintech FinanceKey has secured €3 million in seed funding to accelerate the rollout of its treasury automation platform and expand into new European markets. The investment round was led by Helsinki-based venture capital firm Maki.vc, with participation from First Fellow Partners.
The funding will support further product development, hiring, and scaling of operations. FinanceKey provides a platform aimed at large corporates looking to replace manual treasury processes with automated workflows. According to the company, its solution integrates banking, ERP, and treasury systems to give real-time visibility into cash positions and standardise financial data across entities.
Among its current users are multinational firms including Nors, Bravedo, and Obton. FinanceKey claims that its platform has processed over €1.5 billion in payments and helped clients reduce treasury-related costs by up to €1 million annually.
Focus on standardisation and integration
FinanceKey markets its platform as a system-agnostic solution that can be integrated with existing infrastructure or used as a standalone tool. It standardises financial data across multiple systems and regions, aiming to reduce operational complexity and increase accuracy.
FinanceKey was founded by four former Nokia treasury professionals, Veikko Koski, Macer Skeels, Tiago Batista, and Rony Meyer, who developed the system in response to what they saw as widespread inefficiencies in corporate finance operations. Many large organisations still depend on spreadsheets and fragmented systems for tasks such as reconciliations and payment processing, which FinanceKey aims to automate.