Finto has received backing from YC, Gradient and Lightspeed.
A German startup building AI agents for accounting today said it had deliberately opted to be based in Munich over Silicon Valley after going through Y Combinator in San Francisco and raising a £3.4m seed round.
Finto says it wants to be based in Munich, as it says European finance teams need European solutions, built by people who understand the market, the regulatory environment, and ERPs (enterprise resource planning systems) firsthand.
Jonas Morgner, co-founder & CEO, Finto, said: “We chose Munich deliberately: the talent is here through TU Munich (Technical University of Munich), our customers — Europe’s industrial mid-market and enterprises — are here, and the enterprise-software core we build on, including SAP, is on our doorstep.”
The seed round funding comes from Y Combinator, Gradient, the VC firm spun out from Google owner Alphabet, as well as US VC giant Lightspeed.
Finto went through Y Combinator in San Francisco in 2025. According to Y Combinator’s website, 49 startups, currently headquartered in Germany, have been through Y Combinator.
Finto, founded in 2025, builds AI agents that autonomously handle core accounting tasks. The software autonomously handles invoice verification, account coding, purchase-order matching, and is integrated with SAP, Microsoft Dynamics, and DATEV.
Among its customers are German football club Arminia Bielefeld and Cologne-based Eat Happy Group, which operates sushi counters in supermarkets.
Before founding Finto, the company’s executive team-Morgner, Linus Boehm, CTO, and Lorenz Neuner, CPO- held leadership roles at the enterprise-technology companies Tacto and TradeLink, which together raised over $75 million from Sequoia, Index Ventures, and Insight Partners.