Rosaly announces a €10 million Seed round
The Paris-based company raised a €7.5 million in equity and $2.5 million in debt, for a total of €10 million Seed round in September led by FinCapital (early backers of unicorns such as SumUp,Tradeshift). Rosaly plans to use the funding to strengthen their existing partnerships, launch new products on their platform (budget coaching, cashback and salary savings) and expand their services into new European markets including Italy, Germany, and the Netherlands. Founded in 2019, the French fintech company improves employees’ financial well-being and personal cash management by helping them automatically calibrate advance salary payments through an instant app. It has proven the growing impact of its solution aimed at improving the financial well-being of employees. Rosaly services high-profile clients such as Sodexo and the Zephyr Group.