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

Warsaw-based sunbay.io , a platform helping finance teams recover overdue invoices faster, has raised €550,000 in funding from Kogito Ventures , with participation from s20 and a group of angel investors, including Jostein Håvaldsrud, CTO of Kahoot. The company already works with more than 20 businesses across five countries, collecting payments from customers in 30 markets. For growing companies, collecting overdue payments is often a manual and time-consuming process.