Faraday In The News

AiVidens raises funds and is getting ready to enter the big leagues!

By 27 January 2022 April 27th, 2022 No Comments

The Belgian fintech, which uses Artificial Intelligence to assess receivables portfolios in real time and, more importantly, to predict their health while determining the best collection strategy, has raised €1.5 million from Faraday Ventures Partners, The Faktory Fund II and finance&invest.brussels.

Based on its growing success and references, the scale-up intends, inter alia, to expand internationally!

AiVidens announces today that they have raised 1.5 million euros in order to accelerate their roadmap. This capital injection will allow the company to recruit, develop its AI solution to expand its existing offer, optimise its operations and industrialize its sales processes while going international.

“We are delighted to make our first investment in Belgium with AiVidens,” says François-Xavier Fanard, Managing Director Benelux at Faraday Ventures Partners. “Given today’s context and the economic uncertainties, AiVidens‘ solution is a must-have for any company. We were especially impressed by the in-depth knowledge of their market and by the customer experiences provided.”

Managing your current customer accounting situation is no longer enough to run a business, you have to go further than that and predict what will happen in the future. This is what AiVidens offers to companies that want to optimize their working capital. Using specific algorithms, the fintech not only makes it possible to assess in real time the condition of its customers’ and prospects’ receivables portfolios, but more importantly to predict their future state.

“The Covid days have revealed the importance of controlling all the ins and outs of a commercial deal. Selling is not an end in itself, it’s about making sure that the customer will pay their bills on time,” says Edouard Beauvois, co-founder and CEO of AiVidens. “All over the world, companies want to be able to forecast their customers’ payment behaviour and, in the worst case, organise collection teams according to the potential of each debtor. AiVidens has therefore an essential role to play in the market and the confidence of our investors will give us the means to achieve our ambitions.”

“More than ever, cash is the oxygen of a business. The proactive management of AiVidens‘ artificial intelligence solution enables us to predict cash receipts and save precious time in optimising our working capital and collection procedures” confirms Frédéric Schümmer, Head of SSC GBS Finance Belux at Engie.

“We were immediately drawn to the complementary nature of the expertise and quality of execution of the AiVidens team,” specifies Simon Alexandre, co-founder of The Faktory Fund II. “Their innovation will undoubtedly play an increasingly important role in the financial departments of numerous industries.”

AiVidens hired five new employees in January. They are ready to conquer new markets throughout Europe and then further afield, in the United States. We wish them all the best!” concludes Pierre Hermant, CEO of finance&invest.brussels.

Media sources: Canal Z, Solutions Magazine, L’Écho, La Libre (French only!) & Trends (Dutch only!)