HelloFlow raises $1.6m
July 12, 2021

HelloFlow raises $1.6m

We're happy to announce our Seed round of $1.6m led by a Danish VC PreSeed Ventures, and UK-based, Seedcamp.

HelloFlow was founded in June 2020 by Mikkel Skarnager and Ciprian Florescu with the vision to help financial institutions onboard their clients digitally. As we close this funding round, we’re excited to expand beyond the initial target. With our platform being a plug-and-play solution that can fit different needs, we’d like to offer it to a variety of companies within the financial industry and beyond.

The investment will fuel HelloFlow’s continued expansion and development of the platform. By bringing digitalization and flexibility to companies, HelloFlow empowers them to implement a simple and compliant digital client onboarding.

Born from personal experiences of developing a digital onboarding solution, which is costly and time-consuming, HelloFlow is designed specifically for companies that need such a solution quickly and at a reasonable price.

Mikkel and Ciprian decided to use their broad experience in client onboarding and financial software development to create a critical financial solution. And the two founders’ experience is what has especially impressed Alexander Viterbo-Horten Investment Director at PreSeed Ventures prior to investing in HelloFlow:

“I and our entire team at PreSeed Ventures have been impressed by Mikkel and Ciprian from the first meeting. There is not only a very strong founder market fit due to their relevant experience, especially with Mikkel’s insight from building a bespoke solution for Saxo Bank, but as a team, they move with an incredible speed and continue to prove a high level of execution skill”.

We’re making digital onboarding simple and accessible by providing a no-code solution with an intuitive interface. Everything - from scratch to launch - can be done by just a single person and implemented within a day, rather than months. As HelloFlow's co-founder and CEO, Mikkel Skarnager comments:

"Using the platform, you can set up a proper, sleek, and compliant onboarding process and share it with the clients, all inside a single day. This makes it possible to launch your service in new markets across the world within 10 minutes".

In October 2020, HelloFlow closed its first investment round led by a high-profile angel investor Susanne Brønnum - former CEO of Nets Denmark. We’ve now raised $1.6 m in a Seed Round led by PreSeed Ventures and Seedcamp, along with some prominent angel investors.

About the new investment Tom Wilson, Partner at Seedcamp, comments:

"HelloFlow's plug and play solution is a real game-changer for client onboarding, allowing companies to set up processes quickly without the need for custom code. We're delighted to have the opportunity to work with Mikkel and Ciprian and support them in helping companies say goodbye to slow client onboarding.”

This investment will accelerate product development to expand the progressive functionalities of the platform even further.

As we begin the next step in our journey with the support of our new investors, we can't wait to bring our digital client onboarding platforms to more businesses across the globe.

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