Chift bags €10.5M to connect Europe’s fragmented financial systems for the AI era
Tech Funding News Sofia Chesnokova ● Covered by 2 sources
Chift raised €10.5M to glue Europe’s financial tools together. Its bet: AI and e-invoicing will make messy integrations even more valuable.
Based on reporting by Tech Funding News, Sofia Chesnokova — read the original for the full story.
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Brussels startup Chift has closed a €10.5 million Series A led by BlackFin Capital Partners, pushing its total funding to about €12.8 million. The company sits in a very specific but very crowded pain point: getting European financial software to talk to itself without a pile of custom work.
Chift says its single API connects more than 120 financial systems, from accounting and invoicing to point-of-sale, e-commerce, payments and property management. The pitch is simple enough to explain in one sentence and annoying enough to keep selling: an invoicing platform can send bills into 40 accounting programs without building 40 separate integrations.
The company was founded in Brussels in 2022 by Gauthier Henroz, Henry Hertoghe and Matthieu Hertoghe, and it now employs 35 people. It has also moved fast since its 2024 fundraising, with revenue up by more than tenfold and more than 50,000 SME clients on the books. That is a decent amount of traction for a business built around plumbing, which is often where the real money hides.
The timing helps. Chift argues that AI and e-invoicing are forcing a reset across financial software, while the EU’s new e-invoicing rules are pushing SMEs to digitise. BlackFin’s Pauline Brunel put it bluntly: financial data connectivity is hard in Europe because the systems were never designed to cooperate, and AI only makes clean data more important. Chift’s customers already include Pennylane, Revolut, Qonto and Mollie.
It is not the only company chasing this market. London-based Codat has raised $172 million and focuses on banks and lenders, while Merge.dev offers a broader API for US SaaS tools. Chift is taking the narrower European route, and that may be the smarter one. The open question is whether it can stay independent if the accounting platforms and neobanks around it decide to build their own links instead.
My take — AI-written commentary, not fact-checked reporting
The boring layer of software is often the one worth backing, and Chift is living proof. Everyone loves to talk about AI agents, but agents are useless if the data is trapped in a dozen local systems and a pile of half-working integrations. Europe’s habit of making interoperability a tax on growth is finally being sold back to it as a product. Brutal, efficient, and very on brand.
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