These are our candidates for the “FinTech of the Year” : Billie GmbH
The industry has grown up and has long outgrown its infancy. There are so many companies that shape the industry but not all of them are equally well known. Who are the companies that are the glue between finance and digital technologies?
We still consider it important and relevant to give an award to the most interesting and most relevant German FinTech/Startups. An award from the industry in which we are all active, for the industry. Not bought, not externally influenced, reserved for our independence. As we are diverse and furthermore everyone has different views and focuses, this has always resulted in a good mix. The nominations come from the heart, but the final evaluation process is done by us and is completely detached from us.
At this year’s presence event, the Transactions 20 conference in February 2021, we want to set the price for the Fintech of the year 2020 to lend. In total we have 15 Fintechs nominatedwhich the jury will evaluate in the next weeks according to certain categories. As every year, you are in demand as a strong voice of the Fintech community to give out the audience award through your voting. The voting will start soon, but first we would like to give the nominated companies the opportunity to introduce themselves.
Billie Ltd
Billie Flow is flexible factoring for B2B companies – fully automated and digital. No long onboarding, no contractual commitment: We offer companies the opportunity to register within 7 minutes and then flexibly sell receivables to Billie.
With Billie Boost, our customers can offer their corporate customers the invoice purchase payment method – with real-time credit checks and high limits. This means that B2B online shops can also offer the popular purchase on account.
Facts and figures about Billie
- distribution channel: B2B
- Target group: Corporate customers
- Country of destination: Germany
- Status of financing: Series B
- Further financing planned?:yes
- Name of the product(s):
Billie Flow and Billie Boost
“New Freedom Through Innovation: That’s Billie.”
The Billie Business Model
Behind everything we do at Billie there is one central idea: that innovation must serve to create new freedom. We believe that technology can free people from unnecessary work and open up new opportunities. And that the best technical solutions should be open to everyone, not just large corporations.
Tedious B2B payments are still one of the biggest challenges for many companies today. Billie offers a much-needed upgrade for this outdated system. Our technology puts an end to manual invoicing, time-consuming dunning processes and uncertain liquidity. With Billie, buyers can choose their own terms, while sellers are paid instantly. We offer direct liquidity and full default protection. All our solutions are fully digital and available to businesses large and small – so they can focus on what really matters: People, ideas and innovation.
Billie: the founders & investors
Founder:
Aiga mustard life
Dr. Christian Grobe
Dr. Matthias Knecht
Michael Hartmann
Julian Koster
Igor Chtivelband
Artem Demchenkov
7 founders – all still involved
Investors:
Creandum, Speedinvest, Picus Capital
Milestones: what Billie has achieved so far
Launch of the two products and receipt of the factoring license, license to offer account information services; three investment rounds of over EUR 40 million funding
Success in 2020
Thanks to our scoring models, which are based on account information data, our portfolio remained stable despite corona and broke the 500 million threshold for the purchase of our receivables.
What makes Billie so special?
We firmly believe in an inclusive culture and place great emphasis on the development and advancement of female employees at Billie. We have a co-founder and the product organisation as well as the Sales, Brand & Communication and Legal departments are all run by women. We also publish the Gender Pay Gap – and are proud that Billie does not have one.
What makes your team?
We are colleagues from 34 nationalities, all driven by the idea of overhauling the corporate payment ecosystem to solve problems with new ideas and technologies.
Where do you see yourselves in the future?
We want to expand our offer for our customers so that our customers can determine their payment conditions even more flexibly. We will also offer customers a holistic, digital solution for liquidity management, approval workflows, dunning and payment processing.
Last words
I hope you’ll be hearing a lot more from Billie ;)
