Brussels Fintech Chift Closes €10.5M Series A to Unify Europe's Fragmented Financial Software Landscape
Brussels Fintech Chift Closes €10.5M Series A to Unify Europe’s Fragmented Financial Software Landscape #
Belgian startup Chift has completed a €10.5 million Series A funding round to expand a financial connectivity platform across Europe, with plans to build infrastructure for AI-powered financial applications.
BlackFin Capital Partners, a Paris-based fintech investor managing more than €4 billion in assets, led the round. Existing backers Entourage, Shapers, Seeder Fund, and Wallonie Entreprendre also participated, bringing Chift’s total capital raised to roughly €12.8 million.
Founded in 2022 by brothers Henry and Matthieu Hertoghe and Gauthier Henroz, Chift has built infrastructure that lets software companies connect their products to the financial tools businesses use: accounting systems, invoicing platforms, point-of-sale terminals, e-commerce solutions, payments rails, and property management software, all through a single API. That API covers more than 120 financial systems. The company counts more than 50,000 SME clients, including Pennylane, Revolut, Qonto, and Mollie.
Unlike markets where a few large platforms dominate, European financial software is spread across 27 national markets, each with its own systems and local standards. Software vendors have traditionally built and maintained custom integrations for each one, a slow and expensive process that Chift aims to replace.
“AI and e-invoicing are rebuilding the entire financial software market, and businesses run on more tools than ever,” CEO Gauthier Henroz said in a statement accompanying the announcement. “Interoperability is becoming the defining problem of European SMB finance. Its fragmentation makes that harder to build than anywhere else — that is exactly why we build the infrastructure that connects it all.”
The round comes as incoming EU rules requiring small and medium-sized enterprises to adopt mandatory e-invoicing push businesses to digitize their financial operations faster, increasing demand for connectivity infrastructure like Chift’s.
BlackFin’s investment director Pauline Brunel said AI agents can only work with the data available to them, making financial connectivity infrastructure more valuable as AI adoption grows.
Chift will use the proceeds to expand into major European markets and develop AI capabilities, including self-configuring integrations that reduce manual setup for customers. The company has set a target of becoming Europe’s dominant financial connectivity provider by 2028, a goal it says rests on revenue growth of more than tenfold since its previous fundraise in 2024.
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