Sellsy announced acquiring RocketChart, a cash management solution for SMEs
By Joy Dumasia
Sellsy, a leading French provider of all-in-one CRM and FMS (financial management system) software solutions for SMEs, announces the acquisition of RocketChart, strengthening its existing offering with the addition of a powerful cash management solution.
This investment is the first step in Sellsy meeting its ambition of creating a leading cloud CRM & FMS software suite for SMEs in Europe, which began following its €55 million funding round in January 2022. Sellsy plans to achieve this by enriching its existing offering with complementary products, particularly across payments, marketing and FMS solutions.
As part of the funding round announced in January 2022, Sellsy disclosed its ambition of becoming the leading European CRM & FMS software suite for SMEs sustained by a growth plan with technology at its core. Just one month after announcing its funding round, Sellsy kickstarted its growth plan with the acquisition of RocketChart, thereby adding a new technological brick to Sellsy’s software suite. RocketChart is already part of the Sellsy ecosystem and shares a few dozen customers with Sellsy.
Victor Douek, Co-CEO of Sellsy, said: “Our ambition is to take our solution further than being a simple CRM tool and create a full suite that helps companies monitor their entire customer journey. Sellsy and RocketChart are two perfectly complementary solutions, and together they cover prospecting, invoicing, bank reconciliation, automatic reminders of unpaid invoices, and now cash management. Sellsy offers a unique solution in France to manage your business from A to Z with ease.”
Philippe Vanderstigel, Co-Founder of RocketChart, added: “With this partnership, we will benefit from the technical expertise of the Sellsy team and their knowledge in customer relations which will help us achieve our objectives and accelerate the growth of RocketChart. We are delighted to join the team and look forward to helping Sellsy’s 6,000 customers manage their cash flow even better!”
The cash management solution will be a separate and optional product offered to existing Sellsy customers. The RocketChart team will become part of Sellsy while continuing to work on the development of their product. Sellsy aims to equip 1,000 companies with cash management within two years.
RocketChart is a FinTech specialized in cash management. Self-financed since 2020, the start-up offers a simple and effective solution to help SMEs manage their cash flow. The start-up focuses on the essentials of cash management by offering easy-to-use tools such as personalized categorization of expenses and income, automatic bank-account synchronization (proprietary accounts and third-party accounts) and budgeting automation.
Marc Vanderstigel, Co-Founder of RocketChart, said: “Sellsy was an obvious fit for RocketChart, and we immediately established a common and perfectly aligned product vision. We complete Sellsy’s value chain: after automating prospecting, quoting and invoicing, cash management allows us to stay one step ahead. Together, we now provide a unique offer for SMEs.”
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March 24, 2023
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