What Finmatics does

Finmatics GmbH is a Vienna-headquartered AI software company that automates accounting workflows for European tax advisory firms (Steuerkanzleien), corporate finance teams, and digitization specialists. Its core product is 'Fin,' a self-learning AI that ingests documents from email, mobile app, scanner, or upload — without barcodes or separator sheets — automatically separates them with claimed accuracy above 99 percent, extracts structured data, and generates booking suggestions that are exported directly into the customer's accounting system. The company operates a subscription SaaS model with professional services for implementation, priced on a quote basis with annual contracts and a referral incentive.

The product portfolio centers on the Finmatics Platform and several modules: a flexible document intake hub ('Belegzentrale'), AI booking suggestions, an analytics/training center for continuous automation improvement, and content-based split booking for mixed-VAT invoices. Native integrations span the dominant European accounting and ERP ecosystems — DATEV, BMD, RZL, Agenda, Microsoft Business Central, and SAP — and a KPMG-built SAP add-on ('Finiface') extends enterprise reach. A REST API with JWT authentication supports data export and partner integrations.

Finmatics serves over 1,300 customers across six countries, with named references including Wiener Stadtwerke, Avis Budget Group, TPA, and a long tail of SMB tax advisory firms. The company is ISO 27001 certified and GDPR-compliant, hosting in the EU. Following a EUR 6 million Series A led by Mangrove Capital Partners in March 2023, Finmatics was acquired by Visma, the European software conglomerate, and now operates subsidiaries in Munich (development/consulting) and Budapest (shared services for data capture), with stated plans to expand into additional European markets. Leadership includes managing directors Christoph Prieler and Markus Gremmel, with co-founders Patrick Sagmeister (CTO) and Ulrich Tröller.

Name

Finmatics

Legal name

Finmatics GmbH

Website

https://finmatics.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Finmatics is a Vienna-based AI company that automates accounting workflows for European tax advisory firms and corporate finance teams. Its 'Fin' AI reads documents, generates booking suggestions, and integrates natively with DATEV, BMD, SAP, and Microsoft Business Central, serving over 1,300 customers across six countries.

Ownership category

akta.pro rank

Product category

Accounting Automation Software

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Payment Posting, Reconciliation & Cash Application for Bills (FSAMAJAL)

akta.pro secondary industry

Lockbox, Check Scanning & Paper Bill Processing (FSAMAJAK)

Keywords

• AI accounting automation
• Document processing software
• Bookkeeping automation
• Receipt digitization
• Invoice automation

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. SaaS Subscription: Finmatics operates as a SaaS subscription model with the Finmatics software, offering different packages depending on customer needs. The pricing is based on annual or multi-year contracts with monthly billing options.
2. Professional Services: Implementation and consulting services are offered to help customers integrate and deploy Finmatics, including support for complex scenarios and custom integrations.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Finmatics provides an AI-powered SaaS platform (centered on its AI 'Fin') that automates accounting document workflows: it collects receipts and invoices from any source (paper, PDF, e-invoice, email, app, scan, upload), automatically separates documents with over 99% accuracy, extracts receipt data, and generates booking suggestions. The platform integrates natively with leading European accounting and ERP systems (DATEV, BMD, RZL, Agenda, Microsoft Business Central, SAP) and continuously learns from user corrections to improve automation rates.

Product overview

Finmatics is an AI-powered accounting automation platform that provides a unified solution for automated document processing. The core platform centers on 'Fin,' an AI accountant that automatically separates documents, reads receipt data, and creates booking suggestions with over 99% accuracy. Key modules include: Belegzentrale for flexible document input (paper, PDF, e-invoice), KI-Buchungsvorschläge for AI-generated booking suggestions, Intelligente Automatisierung with Analytics and Training Center for continuous improvement, and Inhaltliche Splitbuchung for automated invoice splitting. The platform integrates natively with major accounting systems (DATEV, BMD, SAP, Microsoft Business Central, RZL, Agenda) and offers a mobile app for on-the-go document capture and approval workflows. The product is available for tax consulting firms, companies, and digitization specialists, with customers reporting time savings of up to 70-85%.

Differentiator

Problem solved

Functional benefit

Brands

• scanmyfibu powered by Finmatics: A branded software solution for automated document processing using Finmatics technology, marketed by partner ETL Kramer & Kollegen.
• Fin

Products and services

• Finmatics Platform AI-powered SaaS accounting automation platform that automatically separates documents with over 99% accuracy, reads receipt data, and creates booking suggestions for tax advisory firms and companies. Integrates natively with DATEV, BMD, SAP, Microsoft Business Central, RZL, and Agenda.
• Fin - AI Accountant AI component of the Finmatics platform that automatically separates documents, reads content, and creates booking suggestions; learns continuously from user corrections to improve accuracy and automation rates over time.
• Finmatics App Mobile application for iOS and Android enabling document capture via camera, mobile approval workflows, and access to the document archive; allows employees and clients to submit receipts and expense reports directly from smartphones.

Quantifiable outcome

• Up to 70% time savings in automated accounting
• +6 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability7 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core.

• DATEVcoreTechnology or IntegrationNative integration with DATEV accounting software including Belegbild-, Rechnungsdaten- and Buchungsdatenservice with direct export to DATEV Unternehmen Online and DATEV Rechnungswesen. Listed on DATEV Marketplace with 4.8 rating.
• BMDcoreTechnology or IntegrationSeamless integration with BMD accounting software where documents are processed in the background, pre-posted and booked with continuous AI learning from corrections.
• Microsoft Business CentralcoreTechnology or IntegrationIntegration via Microsoft AppSource enabling automatic document processing and transfer of reviewed documents to Microsoft Business Central.
• SAPcoreTechnology or IntegrationSeamless SAP integration for automated accounts payable processing from document receipt to approval, flexibly adaptable to requirements.
• KPMGcoreImplementation/ SI/ Consulting PartnerKPMG developed the Finiface SAP Add-on for seamless integration between Finmatics and SAP ERP systems. KPMG provided project management and analysis for customer implementations like SOS-Kinderdorf Österreich.
• VismacoreStrategic or Co-development PartnerVisma is the parent company of Finmatics GmbH. Visma group companies are used for cloud computing services and other support services.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Dext: Dext (formerly Receipt Bank) is the closest direct competitor — an AI-powered document capture and bookkeeping automation platform serving accountants and small businesses globally. Both products target tax advisory firms with similar document ingestion, OCR, and bookkeeping-suggestion workflows.
• AutoEntry: AutoEntry is an AI document capture tool from Sage, automating data entry from receipts, invoices, and bank statements into accounting software. It directly competes with Finmatics in the accountant-focused document automation space and shares integration-led distribution via Xero, QuickBooks, and Sage.
• Rossum: Rossum is an AI-native document processing platform specializing in invoice and financial document extraction, with strong European roots. It directly competes on AI-driven invoice OCR and AP automation, serving both B2B finance teams and accounting service providers — overlapping closely with Finmatics' core offering.
• Klippa: Klippa is a Dutch AI document-processing company offering OCR and automated data extraction for receipts, invoices, and financial documents. It targets similar B2B finance and accounting workflows, with comparable integration-led distribution and a focus on European markets.
• Veryfi: Veryfi provides AI-powered OCR and data extraction APIs for receipts, invoices, and financial documents, serving expense management, AP automation, and loyalty use cases. It competes head-to-head with Finmatics on the core document-AI capability layer, though with a more API/developer-centric GTM.

Broad incumbents

• BlackLine: BlackLine is a US-listed public company offering cloud-based financial close, accounts receivable, and accounting automation software. It is a broader incumbent in the accounting-automation space with overlapping capabilities around reconciliation and document processing, but at significantly larger enterprise scale and scope.
• Tipalti: Tipalti is a large-scale AP automation platform handling invoice processing, approvals, payments, and reconciliation. While broader in scope (full AP workflow), its invoice capture and AI extraction capabilities overlap with Finmatics' offering and compete for similar mid-market and enterprise finance customers.
• DATEV: DATEV is the dominant German cooperative accounting software provider used by most German tax advisors and SMBs. It is both a critical Finmatics integration partner and a potential competitor if it embeds competing native AI document-processing features into its core platform — making it the most consequential incumbent in Finmatics' ecosystem.
• Sage: Sage is a global accounting and payroll software provider increasingly embedding AI capabilities (including via its AutoEntry acquisition) into its SMB and accountant-focused products. As a broad incumbent with deep accounting-software distribution, it competes indirectly with Finmatics and could substitute Finmatics' capabilities for many customers.

Emerging players

• Yokoy: Yokoy is an AI-powered expense management and AP automation platform serving mid-market and enterprise customers. It overlaps with Finmatics on invoice processing and AI-driven automation for finance teams, though its primary focus is expense management rather than serving tax advisory firms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds5 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Finmatics