What Banktrack does

Banktrack (legal entity BANK2EMAIL, S.L.) is a Barcelona-based SaaS provider of treasury and invoicing software targeted at Spanish small and medium enterprises (PYMEs) and autónomos. The platform unifies bank account aggregation, automatic transaction categorization, OCR-based invoice scanning, bank reconciliation, Verifactu-compliant electronic invoicing, and scenario-based cash flow forecasting into a single product, delivered through a web app and WhatsApp-first user flows. It connects to more than 120 banks via Open Banking/PSD2 using regulated aggregators (Arcopay/Morpheus Aiolos, GoCardless, Wealth Reader), and exports to Spanish accounting incumbents (A3/Wolters Kluwer, Sage).

The product is organized around five core modules: Financial Dashboards for real-time monitoring with auto-categorized income/expense; Verifactu-compatible Invoice Issuance with TicketBAI support; AI-powered Invoice Scanning and Reconciliation; Treasury Forecasting with scenario simulation; and add-on capabilities for multi-company management and multi-channel alerts (WhatsApp, Slack, Telegram, SMS, email). The AI stack is feature-level: OCR for document digitization, NLP for transaction categorization and tagging, anomaly detection for spending alerts, and predictive analytics for cash flow projection, with no disclosed proprietary models.

The business model is B2B SaaS subscription sold on a product-led, self-serve basis, with tiered plans differentiated by customer annual revenue (Starter up to €400k, Advanced up to €1M, Premium above €1M) starting at €39/month. GTM is primarily direct-to-customer via banktrack.com with free trial, supported by SEO-led content marketing and Trustpilot-driven social proof; enterprise prospects can request demos. The company has raised approximately €2M cumulatively across a 2022 seed round (K Fund, 4Founders Capital) and a 2024 follow-on (4Founders Capital, K Fund, LifeX Ventures, ENISA), operates with 1-10 employees, and serves a long-tail SMB customer base entirely within Spain.

Name

Banktrack

Legal name

BANK2EMAIL, S.L.

Website

https://banktrack.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Banktrack is a Barcelona-based SaaS platform that provides treasury management, Verifactu-compliant invoicing, bank reconciliation, and cash flow forecasting to Spanish SMEs and autónomos, aggregating data from 120+ banks via Open Banking and distributing alerts and document intake through WhatsApp.

Ownership category

akta.pro rank

Product category

Treasury and Invoicing Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Invoicing, Billing & Accounts Receivable Automation (FSAGAJAC)

akta.pro secondary industries

Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), Expense Tracking & Financial Dashboards (FSAGADAB), Payment Posting, Reconciliation & Cash Application for Bills (FSAMAJAL)

Keywords

• Treasury management software
• Invoicing and billing
• Open banking platform
• Cash flow forecasting
• SME financial management

Headquarters

HQ city

Barcelona

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Subscription (Software Service): Banktrack operates as a subscription-based SaaS platform offering tiered pricing plans based on company revenue size. Plans include Starter (up to 400k€ annual revenue), Advanced (up to 1M€), and Premium (over 1M€). All plans provide access to core treasury, invoicing, reconciliation, and forecasting features. Revenue is generated through recurring monthly or annual subscriptions.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Banktrack is a cloud-based SaaS platform that aggregates bank accounts from 120+ Spanish banks via Open Banking PSD2, uses AI to automatically categorize transactions and digitize invoices/receipts (including via WhatsApp and email), generates Verifactu-compliant electronic invoices, and produces scenario-based cash flow forecasts. The product is sold as a tiered monthly subscription (Starter, Advanced, Premium) targeted at Spanish SMEs and autonomous professionals, with a free trial and 2-minute self-serve onboarding.

Product overview

Banktrack is a unified treasury and invoicing software-as-a-service platform for Spanish SMBs, combining three core product modules: Financial Dashboards (Monitorización) for real-time financial monitoring with auto-categorized data, Verifactu-compatible Invoice Issuance (Facturación) for creating and managing invoices compliant with Spanish tax requirements, and Treasury Planning (Previsiones de Tesorería) for cash flow forecasting and scenario simulation. A fourth module enables invoice scanning and automatic bank reconciliation via OCR and AI. The platform integrates with 120+ banks via Open Banking/PSD2, synchronizes with ERP and accounting systems (Sage, A3), and delivers alerts/reports via WhatsApp, Email, Slack, Telegram, and SMS. Pricing tiers (Starter, Advanced, Premium) target businesses by annual revenue thresholds (up to €400k, up to €1M, and above €1M respectively), starting at €39/month.

Differentiator

Problem solved

Functional benefit

Products and services

• Banktrack Platform Unified treasury and invoicing SaaS platform for Spanish SMBs that combines Open Banking bank account aggregation, AI-powered automatic transaction categorization, Verifactu-compliant electronic invoicing, OCR-based invoice scanning and reconciliation, scenario-based cash flow forecasting, and multi-company management in a single subscription product. Sells to Spanish SMEs, autónomos, agencies, healthcare professionals, and business groups.

Quantifiable outcome

• Reduces manual data entry and reconciliation time significantly
• +2 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability7 records

Feature9 records

Partnerships

Four partnerships are on record, tiered core.

• Arcopay (Morpheus Aiolos S.L.)coreTechnology or IntegrationAPI provider for secure bank connection services. Arcopay enables Banktrack to access bank account data without storing user credentials, providing read-only access to transaction data for financial analysis.
• GoCardless Ltd.coreTechnology or IntegrationOpen Banking API provider used by Banktrack to connect with banks and provide aggregated financial data services. GoCardless is a regulated provider authorized by financial authorities.
• Wealth Reader S.L.coreTechnology or IntegrationTechnology partner providing bank data aggregation services. Part of Banktrack's secure bank connection infrastructure to ensure compliance with banking regulations.
• Amazon Web Services (AWS)coreTechnology or IntegrationCloud infrastructure provider hosting Banktrack's data in European data centers. AWS provides the secure, scalable platform for Banktrack's application and customer data storage.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Holded: Barcelona-based SMB ERP/accounting platform for Spanish SMEs and autónomos. Direct competitor offering invoicing, treasury, bank reconciliation, and now Verifactu compatibility — same customer segment, same PLG motion, same regulatory backdrop.
• Quipu: Spanish SaaS for SMEs and autónomos combining invoicing, bank aggregation, automatic categorization, and treasury forecasting. Near-clone product offering to Banktrack, similarly priced and Spanish-localized.
• FacturaDirecta: Long-standing Spanish invoicing and basic accounting tool from Wolters Kluwer aimed at autónomos and micro-businesses. Closely comparable for Verifactu-era Spanish invoicing and simple treasury workflows.
• Anfix: Spanish SMB accounting and invoicing SaaS (now part of A3/Wolters Kluwer) offering Verifactu and bank connectivity. Overlaps with Banktrack on Spanish SME invoicing and treasury workflows, with broader accounting depth.

Broad incumbents

• ContaPlus / Sage Despachos Connected: Sage's Spanish accounting and SME suite used heavily by gestoría firms. Broader feature set and incumbent distribution through accountancy practices, into which Banktrack exports via its Sage format integration.
• a3innuva (A3 / Wolters Kluwer): Cloud accounting suite from Wolters Kluwer A3 targeting Spanish PYMEs and profesionales. Comparable on Verifactu compliance and gestoría-side workflows and an existing A3 export partner of Banktrack.
• Xero: Global cloud accounting platform with bank feeds, invoicing, and categorization. Less localized to Spanish tax workflows, but a benchmark for the SMB accounting+treasury SaaS category Banktrack operates in.
• QuickBooks (Intuit): Dominant SMB accounting SaaS with bank feeds, invoicing, and AI-driven categorization. Serves as a global reference point for the kind of integrated treasury/billing platform Banktrack is building for a Spanish niche.

Emerging players

• Agicap: European treasury and cash-flow forecasting SaaS originally for mid-market, expanding down-market. Comparable on the treasury-forecasting and bank-aggregation layer, with a stronger enterprise and pan-European footprint.
• Pennylane: French SMB accounting + treasury platform bundling invoicing, bank aggregation, and accountant collaboration. Useful comparable for the AI-categorized, accountant-augmented SMB finance OS model Banktrack is scaling.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/getbanktrack

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors5 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 Banktrack