Pre Seed · Fintech · Madrid, Spain · Founded 2021 · 1–11 employees
Snab offers a cloud‑based, AI‑powered platform that automates and digitises B2B financial workflows, including accounts payable, receivable, invoicing and treasury management, reducing manual tasks to a few clicks. The company secured a €1.1 million pre‑seed round in February 2023, backed by Y Combinator, 4Founders Capital, Glenfarne Group and angel investors from Kantox and Belvo. Founded in 2021 and headquartered in Madrid, Snab aims to bring modern, scalable treasury tools to the 98% of Spanish SMEs that still use manual processes. It uses OCR to extract invoice data in around two seconds, offering real‑time visibility and workflow automation.
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