Belgian fintech startup Husk has announced an impressive €1 million in pre-Series financing aimed at assisting startups experiencing rapid early growth. The funding will help these companies optimize their costs and manage their financial needs more effectively.

Investors Behind the Success

The funding round featured contributions from the International Accelerator Program, Techstars, Birdhouse Ventures, and Newschool.VC, along with support from seasoned business angels. As a payment service provider, Husk has partnered with Stripe, which provides the European card issuance license, and Mastercard to support its ongoing growth.

Innovative Corporate Card Solutions

CEO Christophe Sion shared, “We offer startups access to corporate cards with significant credit limits, enabling their employees to make payments that can be deferred for up to a month.” This innovative approach allows startups to develop their own card programs tailored to their unique needs while linking all company bank accounts to the Husk platform.

Real-Time Financial Monitoring

With advanced data analysis, Husk monitors the financial health of its clients, providing entrepreneurs with real-time insights into their expenditure and financial health models. Based on this data, Husk can adjust the credit limits of corporate cards dynamically, ensuring that startups have the necessary financial flexibility to scale.

A Unique Risk Model for Startups

Founded in 2023 by Christophe Sion and Georgy Taranov, Husk boasts a dynamic risk model developed with the help of Vlaio. This model allows Husk to collaborate with startups that lack extensive financial histories. Entrepreneurs receive detailed and timely information on their financial and expenditure models, enabling informed decision-making.

Strategic Partnerships for International Expansion

In September 2024, Husk signed a partnership agreement with Stripe to manage card issuance licenses, facilitating potential international expansion. Additionally, a partnership with Mastercard was established in October 2024, bolstering Husk’s card offerings and supporting its growth trajectory.

Looking Ahead: Expanding Services

By leveraging strategic partnerships, Husk aims to offer flexible payment solutions, improved liquidity, and real-time expense control. The platform has two primary revenue streams: transaction fees incurred by merchants and SaaS subscription models, with basic platform access provided free for startups.