Description of the portfolio company
Candis is a German B2B SaaS company that offers invoice management and payment solutions to c. 1,000 mid-market companies. Whilst initially focused on invoice management, Candis is expanding in payments (credit card & in-app) and invoice pre-financing. Further, the company is aspiring to grow internationally in other Western European countries.
Investment rationale
For companies of all sizes and sectors financial processes can get notoriously complex. Jumping between teams and between software tools and financial matters often suffer from miscommunication and a lack of centralized collaboration. Candis aims to tackle this.
Quote by management
Christian Ritosek, CEO of Candis: “Finance departments are critical for businesses, especially SMEs and startups, yet the technology at their disposal hasn’t kept up with other departments, forcing them to deal with time-consuming manual processes.”