Copenhagen-based fintech startup Sumary has raised €4.2 million in a pre-seed funding round to continue developing its AI-driven finance workflow engine. The round was led by byFounders, with participation from Partech, Tenity, and several angel investors including Morten Primdahl (co-founder of Zendesk) and Christian Rasmussen (founder of Roger). Rasmussen will also join Sumary’s board as chairman.

The funding round is described as one of the largest pre-seed investments in Denmark, reflecting growing investor confidence in AI-native financial infrastructure products.

Building an AI-Native “Finance Workflow Engine”

Sumary is developing a platform designed to automate finance and accounting workflows at the ledger level using artificial intelligence. The product focuses on tasks such as transaction interpretation, reconciliation, anomaly detection, and routine bookkeeping entries.

The company positions the product as a finance co-pilot that supports accounting and finance teams rather than replacing them. The platform can identify issues such as miscoded items or VAT inconsistencies and allows finance professionals to query financial data and receive structured responses.

Sumary highlights that its system is built as an AI-native platform instead of layering AI on top of traditional accounting tools.

Founding Team and Early Traction

The company was founded in 2023 by Pascar Sivam (CEO), Lucas Rantzau, Frederik Skov Wacher, and Bastian Schneider. The founding team combines experience across finance, technology, and entrepreneurship.

Sumary’s platform is currently available to a limited set of early access users, including accounting firms and finance teams across sectors such as e-commerce, logistics, retail, and professional services. The company is working with selected partners to refine workflows and validate real-world use cases.

Focus Areas for the New Funding

The newly raised capital will be used to expand the engineering and machine learning teams, strengthen product capabilities, and scale European market presence.

A portion of the funding will support partnerships with accounting firms that act as design partners. Their operational feedback is being incorporated into ongoing product development and rollout planning.

The company remains focused on measured product expansion rather than broad public release at this stage.

Investor Perspective

Investors backing Sumary point to inefficiencies in finance operations such as manual data handling, reconciliation work, and fragmented financial tooling. Interest in automation and AI-supported decision processes is growing across finance departments and service providers.

Sumary’s approach reflects a broader move toward AI-native systems in financial operations, particularly in areas where structured workflows and repetitive processes dominate daily work.

Key takeaways for fintech startups

Here is a short summary of what this funding round signals for the fintech ecosystem.

• Large pre-seed round signals strong investor appetite for operational AI tools in finance and accounting.
  
  
• Sumary is pursuing an AI-native product design instead of adapting legacy architectures.
  
  
• The investor group combines venture firms and experienced fintech operators.
  
  
• Early collaboration with accounting firms highlights the value of co-developing with end users.
  
  
• Workflow automation in finance remains a growing opportunity in European fintech.

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