Ukrainian startup Finmap, a financial management platform for SMBs, has received funding from London-based 1991 Ventures that invests in early-stage mission-driven startups from CEE & Ukraine. The investment amount is not disclosed.
While the majority of startups that die do so from financial mismanagement rather than a lack of demand or a bad product, Finmap’s claim is that its simple, powerful software can be the gamechanger. Over 4,000 businesses in more than 100 sectors already use Finmap to automate cash flow, manage multi-currency accounts, and reduce manual headaches.The platform integrates with more than 2,800 banks and services, supports 35+ fiat currencies and 80+ cryptocurrencies, and gives founders a dashboard designed for clarity, not complexity.
Finmap has previously raised nearly $3M within Pre-seed and Seed Rounds, being backed by 500 Global, Google for Startups, Startup Wise Guys, as well as Presto Ventures, Brise Capital, Sturgeon Capital, Sid Venture Partners.
Where the Funding Goes: What’s Next for Finmap
Funding from 1991 Ventures will be put to work across several important Finmap improvements, all aimed at making financial management more intuitive while scaling to new markets.
- The team is developing new AI-driven features to help entrepreneurs to make decisions based on real and timely financial insights. These features will help business owners automate their cash flow, and receive preventive advice: detect potential gaps before they become a problem, offer guidance on where business might reduce costs or focus on most profitable areas.
- Another priority is making Finmap more accessible to users in different parts of the world. As the platform expands into new markets such as Brazil, Turkey, Portugal, and countries across Asia. They are adding support for local currencies, banks, and payment systems. This effort also includes rolling out local pricing, payment options, and language support.
- Finmap is working on an app interface redesign to make onboarding quicker and navigation more intuitive, even for users who may have zero finance background.
- Analytics and reporting features will be upgraded as well. The platform will soon allow more flexible ways to view and group financial data, including advanced filters and the option to set a base currency. This should help businesses get a clearer picture of their finances, even when managing multiple accounts or working across different countries.
- Last but not least, Finmap is expanding its integrations, making it easier for users to connect the platform with their banks, payment systems, crypto wallets, and even customer relationship management tools. The intention is to reduce manual work and help business owners keep all their key financial information in one place.
Ultimately, Finmap’s latest funding marks another step in its journey to support business owners with smarter, simpler financial management. With 1991 Ventures on board, the team is moving closer to its goal: helping SMEs around the globe succeed in their ventures by providing them with high-end accessible financial tools.
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