sunbay.io raises €550K to automate invoice collection for finance teams

2026-06-11 · Source: Tech.eu - Tech.eu · Field: Finance & Economics — FinTech & Digital Financial Services, Corporate Finance & Treasury · Depth: Fundamental Awareness, quick

Summary

Warsaw-based sunbay.io, a platform automating overdue invoice collection for finance teams, has secured €550,000 in funding. This investment, led by Kogito Ventures with participation from s20 and angel investors including Jostein Håvaldsrud, will fuel product development. The platform addresses the manual, time-consuming nature of receivables management, which often relies on basic accounting systems and spreadsheets. sunbay.io connects to invoice data, automating follow-ups via email, SMS, and AI voice calls, managing escalations, and providing a branded payment portal, involving human judgment only when necessary. Currently serving over 20 businesses across five countries and collecting payments in 30 markets, sunbay.io is expanding its capabilities with predictive insights, credit-scoring, and future AI agents. The platform is designed for European finance teams, ensuring GDPR compliance and data residency within the EEA.

Key takeaway

For finance leaders struggling with manual accounts receivable, sunbay.io's automation platform offers a solution to streamline overdue invoice collection. You should evaluate how integrating AI-powered follow-ups, predictive insights, and custom workflows can reduce manual effort and improve cash flow. Consider platforms that ensure GDPR compliance and data residency within the EEA, especially if your operations are European-focused, to mitigate compliance risks.

Key insights

Automating invoice collection with AI and custom workflows significantly improves cash flow and reduces manual effort.

Principles

• Collections need custom workflows.
• AI can enhance payment predictions.
• Data residency is key for EU compliance.

Method

The platform connects to invoice data, automates follow-ups via email, SMS, and AI voice calls, manages escalations, and provides a branded payment portal, engaging finance teams for judgment.

In practice

• Implement AI voice calls for follow-ups.
• Use credit-scoring for at-risk accounts.
• Ensure EEA data residency for EU operations.

Topics

• Accounts Receivable Automation
• Invoice Collection
• AI Voice Calls
• Predictive Analytics
• GDPR Compliance
• Fintech Funding

Best for: Operations Professional, Investor, Entrepreneur

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Editorial summary, takeaway, and curation by AIssential. Original article published by Tech.eu - Tech.eu.