Snab, a Spanish startup focused on business-to-business payments and cash management, has successfully secured €1.1 million in pre-Seed funding.
YCombinator led this funding round, with additional investments from 4Founders Capital, Glenfarne Group, as well as business angels from Kantox and Belvo.
The Snab platform allows users to scan incoming invoices and set up approval workflows based on criteria that include departments, quantities, and roles. Once the approval process is complete, users can easily pay the invoice without leaving the platform.
Additionally, the platform enables businesses to link their bank accounts, offering real-time monitoring of transaction flows from a single dashboard, which provides an integrated overview of business and cash management.
Gorka Aguirre, CEO and co-founder of Snab, stated, “Snab was created to help companies digitize, eliminate manual processes, and save time for employees in finance and treasury. The support from both national and international investors reinforces our vision and belief that Snab addresses the challenges faced by thousands of companies in our country and worldwide.”