Bulgarian fintech startup PlanDelta raises €2.3M in a seed round

The Sofia-based financial planning startup PlanDelta has raised €2.3 million in a seed round to launch of its product in 2023. The round was led by RTP Global, and joined by 17 angel investors, The Recursive reports.

  • Founded in 2021 by Martin Milanov and Milen Manev, PlanDelta is a next-generation planning tool aiming to bridge the gap between strategic and financial planning. The platform allows finance teams to consolidate their financial and payroll data from a random accounting or Enterprise resource planning (ERP) system globally, map it into a format for management reporting purposes, and activate it.

“PlanDelta is a game-changing experience for companies with dynamic financial planning needs, offering very quick and low-effort onboarding to start using the solution,” 

Konstantin Dzhengozov, CFO and co-founder at Payhawk,says.
  • In November 2021, PlanDelta received €350,000 in a pre-seed round led by the Sofia-based VC Eleven Ventures. 
  • The new seed round was led by London-based early-stage venture capital firm RTP Global that targets on technology companies. 17 angel investors from Bulgaria, the UK, Germany, and the US, many of them are current investors in the Bulgarian unicorn fintech company Payhawk, also joined the funding.
  • PlanDelta will use the fresh investment for commercial launch of its first module at the beginning of 2023 and to expand its team in the UK, the Netherlands, and Bulgaria.