Finto announced that it raised $3.4 million to bring AI agents into enterprise accounting workflows. The round included backing from Y Combinator, Gradient, and Lightspeed. The financing also included participation from finance leaders with experience managing accounting operations at scale, including SAP Chief Controller Lukas Deutsch, former Everllence CFO Jürgen Klöpffer, and GBS leader Michael Felix.
Finto is building AI agents designed to perform accounting work directly rather than simply digitizing surrounding processes. The company said accounting software has historically improved areas such as OCR, workflows, and templates, while human finance teams still handled much of the judgment-based work.
Finto’s agents are designed to check incoming invoices, assess them for tax, code them, match them against purchase orders, resolve mismatches, and prepare postings into enterprise resource planning systems.
The platform supports integrations with ERP systems such as SAP, Microsoft Dynamics, and DATEV. Finto said the majority of invoices at its first customers now run without requiring a manual human touch.
The company is positioning its technology around a shift from accounting automation tools to AI agents that can complete actual finance tasks. This approach is intended to help finance teams reduce manual invoice processing, improve accuracy, and scale accounting operations with less repetitive work.
The funding will support Finto as it continues developing its enterprise accounting agents and expanding adoption among finance teams. The company is also hiring in Munich as it builds AI systems designed for real-world enterprise finance operations.
KEY QUOTES:
“For decades, software digitized everything around accounting – OCR, workflows, templates. The judgment stayed human. That’s why finance teams still touch invoices by hand. That’s what we’re changing. Our agents do the accounting itself: they check incoming invoices, assess them for tax, code them, match them against orders, resolve mismatches, and prepare the posting – straight into ERPs like SAP, Microsoft Dynamics or DATEV.”
Finto statement
