• Snab is a cloud-based and AI-powered fintech platform designed to streamline financial services and enhance user experience through innovative technology.
  • The company focuses on providing efficient solutions that leverage artificial intelligence to automate processes and improve decision-making in financial transactions.
  • Founded by Gorka Aguirre, Snab aims to revolutionize the way users interact with financial services by making them more accessible and user-friendly.

In today's fast-paced business world, managing financial operations can be daunting and fintech companies are constantly seeking innovative measures through which they can improve their services.

Be it processing invoices, tracking payments or transactions, a minor delay or slip-up can result in losing millions and lost revenue.

So, what if there was a solution to streamline such tasks so that businesses can focus on building their growth and not get caught up with administrative work?

Snab is a cloud-based AI-powered platform designed to revolutionize business finance.

Streamlining Finances through Automation

Snab is a leading provider of cloud-based software that digitizes and automates back-office financial processes for small and mid-sized businesses.

Snab's platform simplifies the process of managing payments – sending and receiving – by automating everything from initiation to reconciliation.

The company aims to simplify business payments and cash collections, as well as the treasury management of businesses, all from one place, and in a safe manner.

Founded by Gorka Aguirre and Juan Coll Soler, on the mission to enable businesses to pay, get paid, and manage their treasury in “one click”, Snab took its conception between Madrid and Barcelona and incorporated in the United States.

It aims to digitize and automate treasury and business payments by providing a seamless experience.

Snab offers a 360° modular platform that provides automation for the following:

Automated Financial Advice

Snab's AI-powered engine provides users with personalized financial advice, taking into account their individual financial goals and risk tolerance.

Account receivable and electronic invoicing

Snab's platform utilizes machine learning algorithms to assess risk and provide users with a comprehensive risk profile.

Treasury Management

Snab's platform enables fast and secure transaction processing, ensuring that users can manage their finances efficiently.

The AI-Driven Approach

One of the most unique features of Snab is the ability to utilize machine learning algorithms to analyze user behavior and preferences.

This data-driven approach enables the platform to offer tailored recommendations, ultimately fostering a more engaging and productive user experience.

Snab’s commitment to security and privacy ensures that users can trust the platform with their sensitive financial information.

AI-Powered Invoice Generation

Snab's AI engine automatically generates invoices based on a business’s transaction history, ensuring that they are consistent, accurate, and in line with customer agreements.

Businesses can customize invoices to align with their branding, making the process even more streamlined.

Automated Follow-Ups

Snab also tracks when payments are due and sends reminders to clients to prevent missed deadlines. Businesses can keep track of paid, overdue, or pending invoices on an intuitive dashboard, making it easier to manage cash flow.

Capitalizing on the Fintech Boom

The global fintech market is to reach $324 billion by 2026, growing at a CAGR of 25.18% from 2021 to 2026.

As consumers increasingly prefer online and mobile banking solutions, Snab is poised for significant growth.

"Snab was created to help companies to digitize, eliminate manual processes and save time for the employees of these companies in the area of finance and treasury.
The support of national and international investors of this huge size reinforces our vision and our conviction that Snab is the solution to these difficulties faced by thousands of companies in our country and globally,” remarks Gorka Aguirre, CEO and Co-founder of Snab

Having raised a total of $1.7 million in funding over 2 rounds, the company is funded by 4 major investors including YCombinator and Glenfarne Group.

The company’s focus on AI-driven solutions positions it well to capitalize on the growing demand for digital financial services.

Edited By Annette George