Czech fintech startup Digitoo receives €1.1M for the further development

The Prague-based fintech startup Digitoo has received €1.1 million for its further development. The investment was co-led by Nation 1 and Kaya, investment platform Crowdberry also participated.

• Founded in 2019 by Karin Fuentesova, Digitoo develops AI-based platform that aims to free accountants of the manual and repetitive work, as document exchange, and data capture. It helps to focus on more creative projects that have a business impact.
• Currently, around 650 companies use Digitoo’s services, among them are Raiffeisenbank, Deloitte, Footshop and Soulmio.
• The fresh round was co-led by two Czech venture capital firms Nation 1 and Kaya that are among Top 17 the most active Czech funds from AIN.Capital. Nation 1 focuses on investing in seed-stage fintech, insurancetech, AI, ecommerce and travel startups, Kaya is an early-stage VC fund with roots in CEE, investing in intrepid founders across Europe. The Czech-Slovak investment platform Crowdberry also joined the round. 

“The money will go towards the further development of personal artificial intelligence that will charge itself. He will read the keywords and learn directly from the senior accountant, thanks to which he will be able to assign all the codes automatically,” 

founder of Digitoo Karin Fuentesova comments.