Billte was launched at the start of 2017 as a part of the F10 Fintech Incubator & Accelerator programme. The startup aims to digitise the billing process and simplify invoicing for companies and consumers alike. For this, it is developing online end-to-end invoicing software. A first version of the product will be rolled-out by end of 2018.
Synpulse supports insurance companies and banks along the entire value chain. The company not only wants to help fund the startup, but also start a tightly knit collaboration, it was reported in a press release. “We see great potential in Billte’s innovations. Our investment fits perfectly in our strategy to connecting to startups and being an innovation driver in order to satisfy our clients’ needs and make them fit for the future, explained Raphael Bianchi, Partner at Synpulse.
Billte plans to allocate a large part of the funds to the expansion of the development team so as to speed up the further development of the software. Some will also be used to further business development, sales, and marketing efforts.