Integral secures €6.3M in pre-seed funding to innovate accounting practices by leveraging AI technology for SMEs in Europe.

Information on the Target

Integral is an innovative company that aims to revolutionize the accounting industry by integrating advanced artificial intelligence (AI) into its workflow solutions. Recently, Integral secured €6.3 million in pre-seed funding to propel its vision forward. The company addresses a significant challenge faced by many organizations: the burden of manual accounting tasks such as tracking receipts, preparing VAT returns, and coordinating with tax advisors. Despite the modernization of various financial processes, accounting continues to lag due to antiquated systems and cumbersome workflows.

Integral's platform leverages state-of-the-art large language models (LLMs) to automate tedious tasks. This automation not only enhances accuracy and efficiency but also significantly improves the user's experience. With a focus on empowering small and medium-sized enterprises (SMEs), Integral addresses the complexities of accounting via AI, paving the way for simpler financial operations.

Industry Overview in the Target’s Specific Country

Across Europe, the accounting and bookkeeping industry remains dominated by legacy enterprise resource planning (ERP) systems that are often overwhelmed by the growing demand for efficient services. SMEs frequently find themselves encumbered by leg