As finance teams face increasing pressure to react faster to shifting markets, funding cycles, and operational complexity, a Gothenburg based startup is betting that traditional spreadsheet driven planning can no longer keep up. Fintower has closed an oversubscribed €1.5 million seed round to accelerate the development of its AI powered financial planning and analysis platform, positioning itself as a modern alternative to legacy tools still dominating corporate finance.
The funding round attracted a mix of new and existing backers, including Chalmers Ventures, Akka, the Stena family through William Olsson, several entrepreneurs and angel investors, as well as returning investors Almi, Daniel Jonsson from Inet, and Alexander Hars. The strong demand reflects growing interest in tools that help organisations connect financial planning more closely with day to day operations.
Built to replace fragile spreadsheet driven finance
Founded by Salman Eskandari and Ehsan Yazdani, Fintower is a Swedish SaaS company focused on modernising how organisations plan, forecast, and manage their finances. Despite advances in digital accounting and reporting, many finance teams still rely heavily on spreadsheets for budgeting and forecasting. These tools are often manually maintained, difficult to scale, and prone to errors when assumptions change.
Fintower was created to address these challenges by offering a unified platform that brings together budgets, forecasts, reports, and operational data in one system. Instead of static files, finance teams work with dynamic financial models that can be updated in real time as business conditions evolve.
Connecting finance to how the business actually operates
A key differentiator of Fintower’s approach is its focus on operational reality rather than traditional accounting structures. By integrating directly with accounting systems, HR platforms, CRM tools, and billing software, the platform allows finance teams to link financial outcomes to products, sales activity, and personnel decisions.
“Many financial systems are built around accounting charts, not the realities of the business. We have focused on products, sales, and personnel, connecting finance and operations in the same system,” says Ehsan Yazdani, co founder of Fintower.
This approach enables organisations to run scenario planning, cash flow analysis, and forecasts that reflect how decisions on hiring, pricing, or growth initiatives actually impact the business.
Early traction across complex industries
Since its initial funding round, Fintower has onboarded customers across sectors including technology, finance, retail, and energy. These businesses often operate in complex environments where structured planning, external funding, and clear growth targets are critical.
For such organisations, the ability to adjust forecasts quickly, test scenarios, and maintain a single source of truth across teams can significantly reduce risk and improve decision making. Fintower’s platform is designed to support these needs by offering flexible models that adapt as companies scale or enter new markets.
Fueling long term product development
The newly raised capital will be used primarily to further develop the product and support Fintower’s long term growth ambitions. This includes expanding the platform’s AI driven capabilities, improving integrations with third party systems, and refining user workflows to make financial planning more accessible across organisations.
By reducing reliance on fragile spreadsheets and manual processes, Fintower aims to give finance teams more time to focus on strategic analysis rather than data maintenance. As economic uncertainty and operational complexity continue to rise, tools that enable faster, more reliable financial insight are becoming increasingly essential.
With strong investor backing and growing customer adoption, Fintower is positioning itself as part of a new generation of finance platforms built for businesses that need agility, clarity, and real time control over their financial future.