Innovation in financial technology continues as Amsterdam-based Actuals secures €3M in Series A funding, with Holland Capital leading the round. Aiming to tackle transaction complexities in various sectors, Actuals provides solutions for financial teams grappling with data inconsistency and manual processing tasks. By focusing on automation and integration, Actuals takes a significant step towards improving financial workflows and addressing the evolving challenges in financial data management.
Actuals, founded by Peter Engel, Stefan de Kraker, and Peter Lem, previously attracted attention for its ability to streamline financial operations. Historically, the company has built a reputation for effectively managing high-volume transactions and addressing the common pitfalls experienced by finance teams. The recent investment mirrors previous trends in financial technology funding, emphasizing the growing demand for solutions that offer seamless integration and reduce manual tasks in finance departments worldwide.
Why is Holland Capital Investing?
Holland Capital, with over four decades of experience in investing within sectors like Healthcare and Technology, believes Actuals addresses a substantial need in finance operations. By solving issues in transaction handling, the company presents itself as an attractive proposition for investors looking at a digital financial future. Holland Capital Partner Jorg van der Heijden stated,
“Holland Capital is investing in Actuals because the company solves a painful and growing problem with proven technology and deep domain expertise.”
Their confidence is bolstered by Actuals’ strategic plans for international market penetration.
How Does Actuals Address Transaction Challenges?
Actuals tackles these challenges by providing a software solution that seamlessly integrates order, payment, and accounting systems, minimizing error logs and manual corrections. The platform automatically reconciles transactions, thus eliminating discrepancies that can lead to financial reporting delays.
By automating complex processes, Actuals allows companies to maintain accurate financial records efficiently. This proves invaluable in today’s regulatory landscape, where detailed transaction-level data is often required. The company’s technology ensures a streamlined audit process, offering financial teams reassurance and efficiency.
Peter Engel, CEO of Actuals, highlighted the company’s mission:
“We founded Actuals because we saw how finance teams were struggling with endless manual checks. Our mission is clear: to ensure that every transaction is processed correctly and transformed into reliable accounting data.”
This mission underscores the company’s intent to enhance financial data reliability through innovative solutions.
Essentially, Actuals provides a much-needed buffer against common financial discrepancies, helping organizations adhere to regulatory requirements and boost operational efficiency. As it continues its product development and market expansion, the future for Actuals signals a growing influence on the financial technology landscape.
