Invoice payment solution Libeo closes €4m round

France-based Libeo, which helps with the management and payment of supplier invoices, has scored €4m in a new funding round.

UK investment firm LocalGlobe led the round, with other contributions coming from Breega and unnamed angel investors.

Having closed the round, the FinTech will use the funds to support its growth during the current market uncertainty.

The FinTech helps companies to streamline the management of their invoices. The dashboard gives the user a clear view of their cashflow, including expense history, financial indicators and amount of payments in progress.

Its dashboard helps to digitise the invoicing process, with tools such as automated data entry, due date tracking, one click validation, mass import of invoices and dematerialisation and centralisation.

Finally, the platform ensures simplified bill payments with the ability to schedule payments or send them immediately, pay in bulk, track deadlines and pay through a single click.

Earlier in the month, France-based InsurTech startup Alan closed a €50m Series C round to support its expansion across Europe.

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