We're building a web app that helps SME managers automate cash flows management.

We can do this as an independent software vendor (B2B) or via bank partnerships (distribution partnerships, white label). Bank partnerships can maximize customers' time-to-wow, add value to the banks' digital channels, and automate lead gen for credit products. We have validated that in the PSD2 era, European banks are seeking new ways to serve SMBs.

Through ~100 customer development interviews with SMB managers, we've identified a bundle of inefficiencies around financials:
- cash flow forecasts spreadsheets and accounting apps are disconnected;
- data entry is manual and error-prone;
- applying for credit and processing credit applications is manual.

This leads to wasting resources manual/duplicated labor as well as business intelligence that is outdated and comes with huge gaps. Bringing workflows into one place and automating data entry can, however, improve processes and provide real-time data ...
We're building a web app that helps SME managers automate cash flows management.

We can do this as an independent software vendor (B2B) or via bank partnerships (distribution partnerships, white label). Bank partnerships can maximize customers' time-to-wow, add value to the banks' digital channels, and automate lead gen for credit products. We have validated that in the PSD2 era, European banks are seeking new ways to serve SMBs.

Through ~100 customer development interviews with SMB managers, we've identified a bundle of inefficiencies around financials:
- cash flow forecasts spreadsheets and accounting apps are disconnected;
- data entry is manual and error-prone;
- applying for credit and processing credit applications is manual.

This leads to wasting resources manual/duplicated labor as well as business intelligence that is outdated and comes with huge gaps. Bringing workflows into one place and automating data entry can, however, improve processes and provide real-time data on financial performance.

The app's core features focus on forecasting and tracking cash flows and budgets as well as handling managerial reports. Integrations with accounting apps and banks automate data entry and bring information into real time.

What sets us apart from our competition is that we fundamentally approach finance from the perspective of managers, not accountants. This means clear focus on managerial needs, online collaboration features, and a simple UX. Last but not least, our freemium pricing model makes the app affordable to SMEs.
More information

Investors

VUNK by Telia Estonia
Admin
VUNK by Telia Estonia VUNK is an entry-point for innovative B2B and B2C startups

Advisors

Jaanus Põldre
Admin
Jaanus Põldre Front-end Developer at Pipedrive, full-stack developer at BudgetMatador
Katharina Elme
Admin
Katharina Elme I am a UX/UI designer at Nexd. By education I'm an urban planner who loves to design good environments
Rando Välimets
Admin
Rando Välimets Full-stack developer

Recommendations

Martins Vaivars CFO at Infogr.am

I highly recommend Uve and the whole BudgetMatador team.

I've known Uve for almost 10 years and have always been impressed by his drive, work ethic, and the ability to surround himself with extremely talented people. He also has a great insight in the operational problems facing SMBs because of his own previous experience as the CEO of Unitas Foundation.

BudgetMatador has great technical talent. Their front-end devs have previous experience at Pipedrive and Telia and know what it takes to create an excellent user experience. Their CTO Rando is a full-stack developer who worked on critical functionality at Pipedrive and knows how to lead a technical team.

I am confident that BudgetMatador will build an amazing business.

Martins, CEO of Toneboard (Techstars London '17)

Kristo Peterson Advisor at TravelWiser

A team like this can pull off every challenge! Can't wait to onboard our own team's finances to BudgetMatador.

Deniss Karavajev Founder at Fine Digital

CashMatador helps to keep an eye on the project budgets and especially the cashflow of each separate project. This is a vital tool not only for projects in progress but also for future estimates and planning in whole.

Sandra Vokk Co-Founder at paveaway

Veebitarkvara, mis aitaks juhtidel nii projektieelarvete kui ka rahavoogude lõikes finantse hallata, on maailm kaua oodanud.

Robert Sarv Attorney at Advokaadibüroo Raave

Kes ei taha pool elu Excelis raisata, kasutab kindlasti CashMatadori ;)

Maarika Susi Employee at Garage48

Great for a small team needing simple budgeting & cashflow management tool, good for NGO's.

Rait Arro Conductor at StartupBus Estonia 2014

Iga projektijuhi peavalu on eelarvestatud vahendite rahavoo juhtimine. CashMatador lahendab reaalset probleemi õige nurga alt.