The Swedish company uses AI to replace spreadsheet-based financial planning by consolidating budgets, forecasts, and reports into a single platform.
The Gothenburg-based company Fintower has closed an oversubscribed €1.5 million seed round, attracting both new and existing investors. Participants include Chalmers Ventures, Akka, the Stena family through William Olsson, several entrepreneurs and angel investors, as well as existing investors Almi, Daniel Jonsson from Inet, and Alexander Hars.
Founded by Salman Eskandari and Ehsan Yazdani, Fintower is a Swedish SaaS company developing an AI-powered financial planning and analysis platform. The company aims to modernise how organisations manage financial planning, an area that is still largely reliant on manual spreadsheets that can be slow, fragile, and difficult to update as conditions change.
Fintower’s platform consolidates budgets, forecasts, reports, and operational data into a single system. By integrating with accounting, HR, CRM, and billing tools, it supports budgeting, forecasting, reporting, scenario planning, and cash flow analysis, enabling finance teams to build flexible financial models and make faster, data-driven decisions.
Many financial systems are built around accounting charts, not the realities of the business. We have focused on products, sales, and personnel, connecting finance and operations in the same system,
says Ehsan Yazdani, co-founder of Fintower.
Since its initial funding round, Fintower has attracted customers across sectors including technology, finance, retail, and energy. These organisations typically operate in complex environments that require structured financial and operational management, often alongside external funding and clear growth objectives.
The new capital will be used to further develop the product and support the company’s long-term growth.