Jenesys AI Secures Impressive $1.1M in Pre-Seed Funding

In a dynamic move towards revolutionizing B2B invoice management and payments, Jenesys AI, a London-based trailblazer, has struck gold with an impressive $1.1 million Pre-Seed funding round.

Spearheaded by the visionary duo Nicolai Thomson and Tosin Dairo, the company is set to redefine the landscape of financial management through the synergy of human expertise and cutting-edge artificial intelligence.

Driving this financial injection is a cohort of strategic backers led by Nick Slater and John Spindler of London’s Twin Path Ventures.

Noteworthy contributors include Fuel Ventures, Antler, and Hatcher+, all championing Jenesys AI’s mission to transcend the boundaries of conventional financial practices.

This substantial backing also boasts the involvement of angel investors from both sides of the Atlantic, injecting a global perspective into the company’s growth trajectory.

At the heart of Jenesys AI’s groundbreaking approach is the integration of AI co-pilot “Jack.”

Far from rendering human accountants obsolete, this digital assistant elevates their role to that of supervisors, focusing on minimizing errors and inconsistencies in transaction reconciliation, compliance, and payments.

By marrying financial acumen with AI and computer science expertise, Jenesys AI aims to address critical inefficiencies that have long plagued the financial management landscape.

The funding windfall is earmarked for strategic expansion, with a laser focus on bolstering engineering capabilities, enhancing customer success initiatives, and fortifying global payment compliance efforts.

This move is not merely about financial prowess but a strategic maneuver to solidify Jenesys AI’s position as a trailblazer in the fintech realm.

Adding an intriguing layer to this narrative is the acquisition of VAT Key, a digital TaxTech company funded by Andreessen Horowitz Scout (“a16z”).

In an undisclosed cash and equity deal, Jonathan Bredo, the brain behind VAT Key and formerly part of Pleo’s pioneering team, is set to join Jenesys AI as Strategy Manager.

This strategic move not only enriches Jenesys AI’s talent pool but also aligns with the vision of propelling VAT Key beyond its Danish roots, empowering SMEs to reclaim VAT for EU business travel.

As Jenesys AI propels itself into this new chapter, the infusion of a16z into its cap table further validates its potential.

This dynamic convergence of financial expertise, artificial intelligence, and strategic acquisitions positions Jenesys AI as a force to be reckoned with in the ever-evolving landscape of B2B financial solutions.

In summary, Jenesys AI Funding marks not just a financial milestone but a strategic leap toward reshaping the contours of financial management.

With visionary leaders at the helm, an AI co-pilot in tow, and strategic acquisitions on the horizon, Jenesys AI is poised to not only navigate but redefine the future of B2B invoice management and payments.

The story of Jenesys AI Funding is not just about dollars and cents; it’s a narrative of innovation, collaboration, and the relentless pursuit of excellence in the world of fintech.

ALSO READ: Falfurrias Growth Partners Secures $400 Million in Maiden Fundraising Endeavor

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