Currently, small and mid-sized businesses throughout Europe are facing challenges with outdated banking tools and a complex array of disconnected financial systems. Many of these businesses are forced to manage separate platforms for payments, invoicing, expenses, and reconciliation, resulting in hours of manual administration each week.
Based in Amsterdam, the fintech company GoDutch aims to address this exact issue. “Companies are drowning in disconnected admin tools. It makes it hard to understand actual performance, it slows teams down and hinders business growth. We built GoDutch to bundle all those tools into one platform that handles everything. This allows companies to focus on their business instead of admin’’ says Thomas Vles, Founder & CEO of GoDutch.
This Amsterdam startup has raised €3.6 million in seed funding, led by Luxembourg Finance House and including participation from current investor QuantumLeap Capital.
The funding announcement comes as the company reports 10× growth since June 2024 and has maintained over 40 per cent month-on-month growth as SMEs shift away from traditional banks and fragmented software platforms.
Building a finance OS for Europe’s SMEs
Founded by Thomas Vles, GoDutch is a business and finance automation platform designed for SMEs. Launched in June 2024, the company combines a full business account with integrated financial tools, including team cards, expense management and automated accounts payable and receivable.
“SMEs tell us the biggest barrier to switching isn’t features – it’s trust. That’s why we built GoDutch to be fast, transparent and human. Real support, real time saving and a platform that businesses can rely on every day,” says Vles.
A big part of GoDutch’s appeal is its AI automation layer. Features like Automatic Invoice Payments enable the system to read, validate, and schedule invoices in three seconds, rather than the 12 minutes many teams spend today. Through smart automations and AI, GoDutch helps companies reduce administrative work up to 70 per cent.
“Finance automation for SMEs is ten years overdue. With AI, we can now remove the manual work that used to eat up half the week. GoDutch gives every finance team superpowers,” Vles adds.
GoDutch has grown to 12,500 active business users and processes more than €1.5 billion in annual revenue. The company is backed by institutional investors, platform users, and respected angels, including the founders of Knab and the former COO/CFO of Bunq.
GoDutch’s platform replaces multiple finance tools used by companies with 1 to 200 employees. SMEs can manage all their financial needs, such as accounts, payments, invoicing, expenses, and reconciliation, in one platform. This solution sends organised financial data directly to existing accounting tools, cutting admin time by up to 70 per cent.
Unlike freelancer-focused Revolut Business or fragmented stacks from Qonto and Pleo, GoDutch targets 1-200-employee SMEs with a unified solution that delivers real traction and reliability that traditional banks lack. Businesses get an IBAN and card within hours and have access to human support whenever they need it, which is often hard to find with traditional providers.
What’s next?
The Dutch company will use the new funds to expand the product suite – including payroll, lending and treasury and to accelerate its growth in the Dutch and European market. The company will also launch Belgian IBANs in December, ahead of a wider European expansion.
