Candis Raises $16M in Funding 


Candis, a Berlin, Germany-based provider of a software solution for automating accounts payable processes, raised $16M in funding.

The round, which brought total funding to $30m, was led by Viola FinTech, with participation from Lightspeed and Viola Ventures.

The company intends to use the funds to launch credit cards which will provide a central overview of all expenses in real time, eliminating the need to wait weeks for a monthly statement.

Led by CEO Christian Ritosek, Candis provides an AI-driven software solution for small and medium-sized enterprises to automate financial processes such as invoice receipt, data entry, invoice approval, and data export. The company offers a cloud-based solution that can be used from anywhere and requires no onboarding.

Smart integrations with DATEV, Sage, Wolters Kluwer, and more further enhance the user experience enabling exportation of invoice data into the preferred accounting platforms.

Since its founding, the company has worked with over 4000 customers and 200+ partners.