Finmatics
“Can an AI accounting-automation layer become the default posting engine on top of every European ERP (DATEV, BMD, SAP, MS BC)?”
Founded2016
HQVienna, Austria
Total raised$11.7M
Latest roundSeries A, 2023
IndustryVertical SaaS / Accounting
The story
Austrian fintech founded in 2016 as Abacus Accounting Technologies, rebranded to Finmatics in 2021. Builds AI-powered accounting automation ('Fin') for tax advisors and enterprises in DACH, integrating with DATEV, BMD, RZL, Agenda, SAP and Microsoft Business Central. After a €6M Mangrove-led Series A in 2023, the company was acquired by Norwegian software group Visma, becoming part of Visma's growing DACH accounting portfolio.
Last 12 months
Product timeline
2016
Founded as Abacus Accounting Technologies GmbH in Vienna· founding
2021
Renamed to Finmatics GmbH· pivot
2023
€6M Series A led by Mangrove Capital Partners· funding
2024
Acquired by Visma Group as an operating subsidiary· acquisition
The stack
2 layers disclosed in Finmatics’s embedded-finance stack
KYC
Linkomat
Accounting
in the full report
Accounting gap: none
6 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.