Finlab and Coparion back Fastbill

The extra capital will be used to support the company's growth by expanding the financial platform, as it was previously operating on a minimal budget. Co-founder Rene Maudrich described the approach used until now as "bootstrapping" in a statement.

Finlab focuses specifically on the financial services technology sector with a particular emphasis on developing German fintech startups.

Company
Founded in 2011 and headquartered in Offenbach am Main, Fastbill is a web-based finance management system for small businesses. Through the platform, customers can manage financial documents and data and send to third-party service providers such as tax advisers. The company currently employs 32 people.

People
Finlab – Theo Woik (senior investment manager).
Fastbill – René Maudrich (co-founder).

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• Topics
• Expansion
• DACH
• Technology
• Germany
• Venture