Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Dpiit and Cartekho Collaboration to Foster Startup Growth in Mobility, Fintech, and Emerging Technologies

August 13, 2025

CEO Onestream emphasizes the deterministic approach.

August 13, 2025

Illinois bans the use of AI for therapeutic purposes without clinician involvement.

August 13, 2025

Turkish fintech, gaming, and AI startups attract $211 million in investment during the first half of 2023.

August 13, 2025
Facebook X (Twitter) Instagram
Trending
  • Dpiit and Cartekho Collaboration to Foster Startup Growth in Mobility, Fintech, and Emerging Technologies
  • CEO Onestream emphasizes the deterministic approach.
  • Illinois bans the use of AI for therapeutic purposes without clinician involvement.
  • Turkish fintech, gaming, and AI startups attract $211 million in investment during the first half of 2023.
  • Exploring how the founder of Wang achieved success in the realm of Meta’s AI.
  • The Impact of Artificial Intelligence and Financial Literacy on the Longevity Economy
  • AI Squared introduces Sparx, integrating sales, finance, and operations data.
  • Insurtech Startup Secures $8 Million for Investment Opportunities Traditionally Available Only to the Wealthy
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    As profits increase, PB Fintech makes another move into common funds.

    August 1, 2025

    The integration of AI is advancing within Israel’s fintech sector.

    July 31, 2025

    The Journey of Sofi: Transitioning from Student Loans to Fintech Dominance

    July 25, 2025

    This Week in Fintech: Biweekly News Summary for June 24

    July 19, 2025

    Fintech and Global Expansion as Russia’s National Center Hosts a Major Session at SPIEF 2025 in Salt Lake City News, Weather, and Sports Updates

    July 15, 2025
  • AI

    CEO Onestream emphasizes the deterministic approach.

    August 13, 2025

    Illinois bans the use of AI for therapeutic purposes without clinician involvement.

    August 13, 2025

    Exploring how the founder of Wang achieved success in the realm of Meta’s AI.

    August 13, 2025

    The Impact of Artificial Intelligence and Financial Literacy on the Longevity Economy

    August 13, 2025

    AI Squared introduces Sparx, integrating sales, finance, and operations data.

    August 13, 2025
  • Acquisitions

    The funding strategy for the Fintech company is secured.

    July 31, 2025

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025
  • Trends

    PB Fintech displays significant fluctuations amidst broader market trends and performance variability.

    August 11, 2025

    GCC Fintech Market Forecasted to Grow at a CAGR of 15.68% from 2025 to 2033

    August 1, 2025

    Fintech algoquant hits a 52-week peak amid broader market trends.

    July 31, 2025

    Exploring the Challenges of a Unsuccessful Proposal in a Turbulent Fintech Environment

    July 29, 2025

    European fintech company Tractial boosts its Bitcoin holdings to 25.03 BTC, highlighting trends in institutional cryptocurrency adoption.

    July 24, 2025
  • Insights

    Key Investors Drive Fintech Growth in the Philippines

    August 1, 2025

    Co-founder of Wise claims £10 billion fintech misled investors

    July 29, 2025

    Bruce Markets obtains strategic investment from Apex Fintech Solutions, Robinhood, and Tastytrade.

    July 23, 2025

    ICAPITAL Fintech Achieves a Valuation Exceeding $7.5 Billion in Recent Fundraising Amid Surge in Private Markets

    July 10, 2025

    Alphalésaka Technologies: The Potential Transformative Impact of Recent Fintech Acquisition

    July 9, 2025
  • Rumors

    China does not confirm any new restrictions on cryptography amid market volatility rumors.

    August 11, 2025

    Reinstating Trust in Cryptocurrency: The Significance of Reliable Information

    August 2, 2025

    Mybambu is expanding in West Palm Beach, aiming to create 200 new jobs, among several financial services firms that have relocated to Palm Beach County recently.

    July 31, 2025

    Hang Seng Electronic denies claims of partnership with anti-establishment groups as stock exchange declines by 0.17%

    July 29, 2025

    Kakaopay Stock Halted Amid Concerns Over Stablecoins

    July 26, 2025
  • Startups

    Turkish fintech, gaming, and AI startups attract $211 million in investment during the first half of 2023.

    August 13, 2025

    Insurtech Startup Secures $8 Million for Investment Opportunities Traditionally Available Only to the Wealthy

    August 13, 2025

    Fintech, gaming, and AI lead the way in Türkiye’s investment landscape during the first half of the year.

    August 12, 2025

    Reasons for Fintech Startups Implementing Cryptographic Wage Systems in 2025

    August 11, 2025

    Top 10 Fundraising Fintech Startups in Africa for the First Half of 2025

    August 11, 2025
  • finjobsly
fintechbits
Home » The German startup in the fintech sector raises 15 million euros by cutting costs by 80%
Startup News

The German startup in the fintech sector raises 15 million euros by cutting costs by 80%

3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Circula.png
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Berlin Startup Circula Secures €15 Million to Enhance AI Expense Management Platform

Berlin-based startup Circula has successfully raised €15 million in a funding round aimed at advancing its AI-driven expense management platform. This investment will propel the development of autonomous financing workflows, enhancing the platform’s value for medium-sized businesses across Germany and Europe.

Support from Notable Investors

The funding round saw participation from a range of returning investors, including Alstin Capital, Capnamic Ventures, Peak Capital, Wenvest Capital, and Storm Ventures. Additionally, the CIBC Innovation Bank provided financial backing, reflecting a strong belief in Circula’s potential to redefine expense management.

Vision for the Future

“We have a clear goal: to become a German champion in AI for expense and spend management tailored for small and medium-sized enterprises,” said Nikolai Skatchkov, CEO of Circula. “With hundreds of millions of euros in transaction volumes, hundreds of thousands of active users, and the support of numerous tax consultancy firms, we are well-positioned to realize our vision of transparent workdays for finance teams in the coming years.“

Innovative SaaS Platform Features

Founded in 2017 by Nikolai Skatchkov and Roman Leicht, Circula provides a modular SaaS platform designed to streamline commercial expenditure management. Key features include AI-enhanced receipt capture, automated tax-compliant data extraction, and real-time expense verification, making it an invaluable tool for businesses striving for efficiency.

Growing Client Base and Use Cases

Circula boasts an impressive client list with over 2,800 customers, including well-known brands like Aston Martin, About You, Datev, and Securitas. Currently, more than 150,000 employees across Europe utilize the platform for managing travel expenses, credit card transactions, and personnel benefits.

Significant Time and Cost Savings

According to Circula, businesses leveraging its platform can reduce manual effort by 80% and shorten monthly closing cycles by several days. This capability is particularly critical amid economic uncertainty and rising cost-reduction pressures, making Circula an essential resource for modern companies.

Addressing the Digital Gap in Expense Management

The demand for digital expenditure solutions is underscored by a report from ERP supplier Diamant, which indicates that only 8.8% of medium-sized German companies have fully automated their expense workflows. Circula aims to bridge this gap by enabling the capture of over 70% of expenses at the point of occurrence, integrating tax-related data, and reducing billing cycles to less than two days.

Expert Endorsement and Future Plans

Charlotte Goggin, Director of the CIBC Innovation Bank, remarked, “Circula transforms traditional documentation into intelligent processes enhanced by AI, setting new standards in digital expense management. We are excited to support this growth.” With this latest capital injection, Circula plans to further develop its AI capabilities and introduce new automation features tailored to the needs of financial teams.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Turkish fintech, gaming, and AI startups attract $211 million in investment during the first half of 2023.

August 13, 2025

Insurtech Startup Secures $8 Million for Investment Opportunities Traditionally Available Only to the Wealthy

August 13, 2025

Fintech, gaming, and AI lead the way in Türkiye’s investment landscape during the first half of the year.

August 12, 2025
Leave A Reply Cancel Reply

Latest news

Dpiit and Cartekho Collaboration to Foster Startup Growth in Mobility, Fintech, and Emerging Technologies

August 13, 2025

CEO Onestream emphasizes the deterministic approach.

August 13, 2025

Illinois bans the use of AI for therapeutic purposes without clinician involvement.

August 13, 2025
News
  • AI in Finance (1,483)
  • Breaking News (161)
  • Corporate Acquisitions (66)
  • Industry Trends (185)
  • Jobs Market News (299)
  • Market Insights (194)
  • Market Rumors (261)
  • Regulatory Updates (159)
  • Startup News (993)
  • Technology Innovations (160)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,483)
  • Breaking News (161)
  • Corporate Acquisitions (66)
  • Industry Trends (185)
  • Jobs Market News (299)
  • Market Insights (194)
  • Market Rumors (261)
  • Regulatory Updates (159)
  • Startup News (993)
  • Technology Innovations (160)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.