Cassa, an accounting software that contains elements of artificial intelligence and machine learning, attracted KPMG Romania as a lead investor in the financing round that is targeted on SeedBlink.
The amount aimed at SeedBlink is 100,000 euros.
Cassa has been listed on SeedBlink since October – those interested in investing in the company have this opportunity until November 26th, 2020.
The data about the transaction value and the share package taken over by KPMG are confidential.
The transaction came after the selection of the Cassa solution in KPMG Startup Grow Pad, an acceleration program that addresses startups with process automation activities, robotic assistance, augmented analytics, cybersecurity, intelligent and analytical applications (data).
The selected startups are from industries in which KPMG also has expertise: IT, telecom, financial services, real estate, professional B2B services, consumer-trade markets, legal, compliance, and regulatory services.
What is Cassa
Cassa is a Software as a Service application that orders the flow of documents smartly and simplifies communication between accountants and entrepreneurs.
The app was launched in June this year by Cornel Fugaru (34 years old) and Daniel Teodoroiu (32 years old).
Digitization and thus eliminating accountants’ manual work are based on a technology of optical character recognition (OCR) that allows the transformation of scanned documents, photographs, and PDFs into editable documents.
The platform targets accountants, which have the opportunity to become resellers for their accounting clients.
By the end of this year, the company’s management aims to reach 2,000 customers, and by the end of 2021 to have 15,000 users.