French fintech Libeo raises $24 million

According to Maddyness, Libeo, the first business-to-business payment platform for SMEs, has raised a $24 million Series A round with the partners of DST Global, Serena, Breega, and LocalGlobe.

Founded in 2019 by Jérémy Attuil, Pierre Dutaret, and Pierre-Antoine Glandier, Libeo is a fintech that simplifies the management and payment of supplier invoices for VSEs and SMEs. The startup allows companies to record their invoices, simply pay their suppliers without having to provide their Iban, and monitor their day-to-day finance. 

The company will use this new funding to accelerate the expansion of its B2B platform in Europe. Libeo will also have to strengthen its team and plans to triple its workforce to reach around 100 employees by the end of the year.