Chift Raises €10.5M to Scale Financial Connectivity

The big picture: Brussels-based fintech Chift, which develops financial connectivity infrastructure for software companies, has raised €10.5 million in a Series A round. The company Chift was founded in 2022 by Gauthier Henroz, Henry Hertoghe, and Matthieu Hertoghe.

Why it matters:

• Unified Access: Chift’s platform provides a single API integration to over 150 financial tools, including accounting, invoicing, payment, POS, and e-commerce systems.
• Automation for Software Providers: The infrastructure allows software companies to embed connectors, synchronize financial data, and automate workflows without the burden of building and maintaining individual integrations.
• AI-Ready Data: Chift offers an MCP server designed to enable AI products and agents to directly interact with connected financial software, paving the way for advanced AI-driven financial solutions.

How it works:

• Comprehensive Connectivity: Chift’s unified API connects software products to a wide array of financial systems, streamlining data exchange and operational processes for its clients.
• Reduced Development Overhead: By abstracting the complexity of diverse financial APIs, Chift enables software providers to focus on their core product development rather than integration challenges.
• Future-Proofing AI: The company’s focus on AI capabilities aims to reduce manual setup for integrations and facilitate seamless access for AI products to financial data, enhancing automation and intelligence.

The catch: The financial connectivity market is increasingly competitive, with numerous players vying to offer unified API solutions. Expanding into additional European markets presents challenges related to diverse regulatory environments and localized financial systems, while integrating AI capabilities effectively requires robust data governance and security measures to maintain trust and compliance.