Skip to main content
Announcements·

Feb 12, 2025

Written by Filip Dames, Max Brückner

Backing Integral To Transform Financial Operations for SMEs

Integral, who is redefining how companies approach accounting by integrating cutting-edge AI into their workflows, secures €6.3M in pre-seed funding.

Portrait of two men

When talking to founders we always get the same feedback when it comes to bookkeeping and accounting - everyone is buried in manual tasks. Tracking receipts, preparing VAT returns, and trying to keep tax advisors in the loop. While other core parts of the financial infrastructure have been modernised, there is no good reason why these systems remain painfully stuck in the past - especially in the age of AI.

This scenario is all too familiar across Europe where the accounting and bookkeeping market is dominated by legacy enterprise resource planning (ERP) systems and overwhelmed tax advisors. A shortage of skilled professionals, combined with the complexities of regulations, has created a supply-constrained environment, making it difficult for SMEs and startups to access the level of service everyone truly deserves.

Transforming the Accounting Landscape in Europe.

At Cherry, we believe the sky is the limit for the future of AI-enabled infrastructure, and we’re always looking for founders who share this vision. Lukas Zörner, Anil Baykal and the Integral team are a perfect fit. Integral’s solution meets the market’s growing demand for more accessible, efficient, and accurate financial tools.

The need for innovation in accounting is clear. By simplifying and automating key processes, Integral is paving the way for a future where SMEs can focus on growth and innovation instead of drowning in paperwork. And with AI transforming every aspect of the process, this is only the beginning.

Integral has the potential to become the backbone of financial operations for European SMEs, taking the complexity out of accounting and helping businesses thrive.

The Approach.

Integral is redefining how companies approach accounting by integrating cutting-edge AI into their workflows. Their platform uses advanced large language models (LLMs) to automate time-consuming tasks, ensuring accuracy, efficiency, and a customer-first experience.

From data entry and invoice processing to document preparation and financial forecasting, Integral is the solution that empowers businesses to take control of their financial processes with ease.

Supporting Founders Transforming European Industries

The ambition of Lukas and Anil was instantly apparent - even in the ideation phase. While discussing and sparring approaches in the context of legal frameworks and product architecture, we were more than impressed by the team’s deep understanding of both the technical and regulatory landscape. Backing this team was an absolute must for us.

We are thrilled to be part of Integral’s journey and look forward to seeing them disrupt the accounting landscape for years to come. We are proud to be the active ingredient in this journey of creating the next European champion within the tax industry, by investing in Integral's €6.3M funding round alongside General Catalyst, with participation from Puzzle Ventures and leading entrepreneurs across Europe.