Chift Raises €10.5M to Connect Europe’s Fragmented Financial Systems

Brussels-based fintech infrastructure startup Chift has raised €10.5 million in Series A funding to expand its financial connectivity platform and help businesses integrate Europe's fragmented financial software systems.

The round was led by BlackFin Capital Partners, with existing investors Entourage, Shapers, Seeder Fund, and Wallonie Entreprendre also increasing their investments.

The latest funding brings Chift's total capital raised to approximately €12.8 million, following a €2.3 million seed round in 2024.

One API for Europe's financial systems

Founded in 2022 by Gauthier Henroz, Henry Hertoghe, and Matthieu Hertoghe, Chift provides a single API that allows software companies to connect with more than 120 financial systems.

These systems span accounting, invoicing, point-of-sale, e-commerce, payments, and property management.

Instead of building and maintaining dozens of individual integrations, a software company can use Chift's infrastructure to connect to multiple European financial platforms through a single integration.

For example, an invoicing platform can use Chift to allow customers to send invoices to dozens of different accounting systems without developing each integration independently.

Europe's fragmentation becomes an opportunity

European financial software remains highly fragmented, with different accounting platforms, regulations, and financial systems operating across the continent's 27 countries.

Chift believes this fragmentation is becoming even more important as AI agents and e-invoicing change how businesses interact with financial software.

The company currently serves more than 50,000 SME clients through its software customers and employs approximately 35 people.

Its customer base includes major European fintech and financial software companies such as Pennylane, Revolut, Qonto, and Mollie.

Revenue grows more than 10X

Chift says its revenue has increased by more than tenfold since its 2024 funding round, reflecting growing demand for financial connectivity infrastructure.

The broader embedded-finance market also presents a significant opportunity. Adyen estimates that B2B SaaS platforms represent $185 billion in potential embedded-finance revenue, while McKinsey expects Europe's embedded-finance market to surpass $116 billion by 2030.

Competing in financial connectivity

Chift operates in a growing market alongside companies such as Codat, which has raised $172 million and focuses heavily on financial data connectivity for lenders and banks, particularly in the US and UK.

Chift's differentiation is its focus on the complexities of continental European financial systems, where local accounting platforms and regulatory requirements make integrations particularly difficult.

The company's platform is also designed to benefit from Europe's transition toward mandatory digital invoicing.

Building AI-powered integrations

The new funding will be used to expand Chift into major European markets and develop AI-driven integrations that can configure themselves automatically.

The goal is to reduce the manual work required to connect new financial systems and make Chift's infrastructure increasingly adaptable as financial software evolves.

CEO Gauthier Henroz says the company wants to become Europe's leading financial connectivity platform by 2028.

The challenge will be maintaining that position as accounting platforms, banks, and fintech companies increasingly develop their own integration infrastructure.