Bilendo automates the receivables management of companies and thus convinces, among others, its existing investors Bayern Kapital and the Commerzbank subsidiary main incubator benefit from a million-dollar investment.
According to main incubator, the financing amount is a “small to medium seven-digit amount,” meaning several million euros.
“The benefits and potential are enormous,”
so Julian Bürklein, investment manager of main incubator,
"Time, financial, and personnel resources are conserved and can be profitably used in the core business. This is naturally beneficial for Commerzbank customers as well as for all companies in the market."
Florian Kappert, one of the Bilendo-Founder and Managing Director, draws a positive interim conclusion from the partnership, which has already lasted a year:
"The main incubator is a valuable investor for us and supported us, especially in the initial phase, with relevant contacts from its extensive network. We look forward to being able to continue to rely on the professionalism and expertise of the main incubator in the future."
Improved payment behavior
Florian Kappert says about his company’s product:
"With each week of using Bilendo, the average time to payment is reduced by approximately 3.2 days per week, especially in the first four weeks of use. In this way, Bilendo improves customers' payment behavior, without creating any unpleasant pressure."
Bilendo was named FinTech of the Year 2016 by the industry portal PaymentandBanking and, according to the company, already has a three-digit number of satisfied customers. The startup now aims to further develop its product, expand its team, and thus continue its growth.
