Y Combinator-backed German startup Finto raises $3.4M, says chose Munich over the Valley

A German startup building AI agents for accounting today said it had deliberately chosen to be based in Munich over the Valley after going through Y Combinator in San Francisco and raising a £3.4m seed round. Finto says it wants to be based in Munich, as it says European finance teams need European solutions, built by people who understand the market, the regulatory environment, and ERPs (enterprise resource planning systems) firsthand. Jonas Morgner, co-founder & CEO, Finto, said: "We chose Mun