#SME / Candis Raises €12M

Candis, a Berlin, Germany-based provider of a platform for automated accounting and payment processes… intends to use the capital to continue the development of its machine learning engine and to accelerate growth and expansion within Europe.

… Candis automates manual bookkeeping, accounting processes and B2B payments for mid-market companies with machine learning. The software automatically collects bookkeeping documents from various sources, classifies and authenticates the data, generates approval processes and real-time-insights and payments for accounts payables.