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Tag: Cassa

  • Cassa software attracts KPMG as a lead investor on SeedBlink

    Cassa software attracts KPMG as a lead investor on SeedBlink

    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.

  • Romanian Cassa software wants to get 200.000 euros on SeedBlink

    Romanian Cassa software wants to get 200.000 euros on SeedBlink

    Cassa aims a 200.000 euros funding by listing on SeedBlink. The listing will take place tomorrow, October 6, at 10.00 AM.

    Cassa is a Software as a Service application that orders in a smart way the flow of documents 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 the elimination of manual work of accountants is based on a technology of optical character recognition (OCR) that allows the transformation of scanned documents, photographs, PDFs into editable documents.

    For example, the OCR system gives accountants the ability to export to their own accounting software the invoices issued by the application or received through it.

    Regarding the communication between accountants and companies, the message flow is similar to the Facebook’s feed. Thus, users can comment, like, share or download the documents.

    The application has 500 users – accounting firms and their clients. The platform is addressed firstly to accountants, but they have the opportunity to become resellers for their own accounting clients.

    2.000 customers by the end of the year

    By the end of this year, the company aims to reach 2.000 customers, and by the end of 2021 to have 15.000 users.

    One of the factors that led to the rapid adoption of Cassa services is the Coronavirus pandemic.

    Cassa’s management estimates revenues of 500.000 euros for 2021 if it manages to obtain the 200.000 euros through the campaign on the SeedBlink platform.

    Also, the co-founders estimate that in 2024 it will reach a turnover of 7.6 million euros (the amount includes only Romania).