Likvido Raises €2.5M in Seed Funding

The two founders of Likvido, Lars Holdgaard and Maximilian Frimmer

Likvido, a Copenhagen, Denmark-based fintech startup, raised €2.5m in seed funding.

The round was led by BlackFin Tech, and joined by existing local investors.

The company intends to use the funds to optimize its existing process automation solution, and add a prediction engine that utilizes all transaction data to create a transaction-level credit rating.

Founded in January 2018 by Maximillian Frimmer and Lars Holdgaard, Likvido provides SMEs with a platform for automating the invoice management and the collection processes in a user-friendly way. The prediction engine enable the company to forecast the risk and cash flow for each specific invoice. By understanding real-time transactional risk for all transactions, they will long term be able to offer financing and credit insurance for SMEs. In two years of existence, the company has gained over 2,000 SME clients. Likvido also intends to use the round to become ready for a Series-A round in twelve months. That investment will allow Likvido to kickstart an international expansion. As of today, the company employs 25 people.



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