Two European AI startups raise fresh funding to expand financial automation tools
Germany's Conlio secured €6.4 million for freight financial automation, while Portugal's Granter raised €1.6 million for its funding-application platform.
AfroEuropa Newsroom
AfroEuropa desk
Two European startups applying artificial intelligence to financial workflows have announced new funding rounds aimed at broadening their reach across the continent.
Conlio, a German platform that automates financial operations for road freight forwarders, raised €6.4 million, according to EU-Startups. The round was led by Piton Capital, with participation from Haufe Group Ventures and backing from two logistics groups: WaVe-X, part of WALTER GROUP, and F-LOG Ventures, the venture fund of FIEGE. Existing investors System.One, Puzzle Ventures, Booom Ventures and Yellow also took part. The figure represents Conlio's total funding raised to date. Founder and chief executive Dr. Claudio Consul, who previously worked at sennder, said the company turns operational complexity behind freight documentation, settlement and payments into verified data and automated workflows.
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