Billte Receives Financing Led by Spicehouse and SICTICby Fintechnews Switzerland November 15, 2023
Billte , a Swiss company specialising in invoicing and payment solutions, announced the closing of its financing round led by Spicehaus Partners, with SICTIC as a co-investor. The funds will flow into expanding its reach and facilitate collaboration with banks.
Billte is dedicated to simplifying invoicing and payment processes for businesses, offering efficient and user-friendly solutions with a specific focus on core systems such as eBill and EBICS. With the introduction of eBill Direct Debit, set to replace the current LSV system in the coming years, the Zurich-based startup is well-prepared for the future, guaranteeing that businesses remain at the forefront of modern financial technology.
By collaborating with several Swiss cantonal banks, Billte has extended its services to banks’ business clientele, comprising small, medium, and large enterprises. Leveraging this foundation, the startup aspires to be the go-to service provider for Cantonal banks. The freshly obtained funds from its latest financing round will fuel this ambition. Led by Spicehaus Partners, Billte’s round featured the participation of SICTIC business angels.
The investment from the latest round bolsters the startup’s position, enabling it to accelerate its growth and expansion in Switzerland and internationally. This is facilitated by pre-existing partnerships with several Swiss Cantonal Banks. While the amount in the recent fundraising remains undisclosed, Billte has secured around CHF 2 million since its inception.
Raphael Bianchi, Managing Director of Synpulse Switzerland, investor and Billte’s board member, said:
“As we approach 2024, we see significant transformations on the horizon. Substantial shifts are underway in the global financial sector, with particular relevance to the Swiss financial landscape. Through our long-term partnership with Billte, we anticipate being well-equipped to address various dimensions of these evolutions, offering a diverse range of cutting-edge products to assist financial institutions in effectively meeting the needs of their small, medium, and large clientele. We are delighted that investors like Spicehaus and several SICTIC members also share this vision.”