tidely, a German-based liquidity management solution provider for SMEs, announced that it has raised EUR 3.5 million in a funding round led by fintech investor TX Ventures. The round was also joined by Bayernkapital.

tidely was founded in 2018 by Niclas Storz and Dr. Jörg Haller. The company offers a range of financial solutions to SMEs, including liquidity planning, cash flow analysis, cost management and more.

Niclas Storz, Founder and CEO of tidely said,

“We are very proud to have gained the trust of TX Ventures and Bayernkapital in these exceptionally difficult times.

 

This funding will enable us to make our vision of a modern, comprehensive and user-friendly liquidity management platform accessible to even more customers in the SME environment.”

Jens Schleuniger, Managing Partner at TX Ventures said,

“In addition to the highly experienced and complementary management team, we were particularly convinced by tidely’s strong customer focus as well as its traction – we are therefore very pleased to be part of the funding round.

 

Interviews with customers and partners have shown us that tidely provides significant value to its customers. We are therefore highly confident that the team will continue to strongly expand its customer base and to remain on its dynamic growth trajectory”.