About CFO Stack sector in Berlin, Germany
The CFO Stack sector in Berlin, Germany comprises 110 companies, including 50 funded companies having collectively raised $351M in venture capital money and private equity. Out of these, 22 are Series A+ funded.
CFO Stack sector in Berlin, Germany has seen 15 acquisitions and 2 IPOs. This represents almost 15.5% of all such companies - which is higher than the 3.8% exit rate of tech companies in general.
This sector includes companies providing collection of specialized tools and necessary systems/software that enable finance teams and finance leadership to effectively handle their daily tasks.
CFO Stack sector is also known as Tech Stack for Office of the CFO.
It includes software to automate major functions in CFO office like Financial Planning and Analysis, Budgeting, forecasting, treasury management, accounting, etc. It excludes all the Non-financial tools that do not integrate seamlessly with financial operations,.
Top CFO Stack Companies in Berlin, Germany
There are 110 CFO Stack startups in Berlin, Germany which include Circula, Kontist, Lucanet, Integral Services, PAIR Finance. Out of these, 50 startups are funded, with 22 having secured Series A+ funding.
2026 has seen the creation of 3 CFO Stack startups in Berlin, Germany. Over the past 10 years, an average of 6 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Oxford, London School of Economics and Political Science and University of Cambridge.
Here is the list of top CFO Stack startups in Berlin, Germany
1. Circula
Provider of automated software for expense and travel management solutions. The software offers tools for managing employee expenses, company credit cards, and employee benefits. It provides solutions for various company sizes and roles, including finance, accounting, and human resources. The software integrates with existing enterprise resource planning, accounting, and human resources systems.
Key facts about Circula
- Founded Year: 2017
- Location: Berlin (Germany)
- Stage: Acquired
- Total Funding till date: $48.4M
- Investors: Capnamic Ventures, neosfer and 7 Others
- Latest Funding Round: Series B, May 07, 2025, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 12 of 540 Competitors
2. Kontist
Digital bank for freelancers and self-employed. Its offering includes paperless account opening, mobile banking, push notifications for account activity, automatic income and sales tax reserves, and an early warning system for payment bottlenecks. It has partnered with Solaris Bank for a German banking license and modular banking platform technology. The user deposits are secured by the European deposit fund.
Key facts about Kontist
- Founded Year: 2016
- Location: Berlin (Germany)
- Stage: Acquired
- Total Funding till date: $46.7M
- Investors: Founders, Vaekstfonden and 2 Others
- Latest Funding Round: Conventional Debt, Nov 16, 2021, $*****
- Tracxn Score: 64/100 What is this?
- Competitors Rank: 4 of 57 Competitors
3. Lucanet
Provider of financial management and business intelligence software. It offers solutions for financial consolidation, lease accounting, intercompany reconciliation, financial planning, reporting, budgeting, forecasting, scenario planning, group controlling, and more.
Key facts about Lucanet
- Founded Year: 1999
- Location: Berlin (Germany)
- Stage: Late Stage
- Total Funding till date: $19.9M
- Investors: Hg, Parkave Capital Group and 1 Other
- Latest Funding Round: PE, Apr 11, 2022, $*****
- Tracxn Score: 58/100 What is this?
- Competitors Rank: 10 of 896 Competitors
Provider of financial and analytical solutions. It supports users in intelligent categorization, and your tax advisor takes care of most of it. It offers range of services including bookkeeping, payroll, financial statement, tax advice and more. It helps SMEs save time and money on all tax issues by connecting to accounting team and tax advisors via the platform.
Key facts about Integral Services
- Founded Year: 2024
- Location: Berlin (Germany)
- Stage: Series A
- Total Funding till date: $13.9M
- Investors: Mosaic Ventures, Cherry Ventures and 4 Others
- Latest Funding Round: Series A, Sep 16, 2026, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 53 of 3,711 Competitors
5. PAIR Finance
Pair Finance is a data-based receivable management system leveraging machine learning combined with behavioral research. Pair Finance takes care of collections from its client's debtors.
Key facts about PAIR Finance
- Founded Year: 2016
- Location: Berlin (Germany)
- Stage: Acquired
- Total Funding till date: $7.54M
- Investors: Zalando, HitFox Group and 7 Others
- Latest Funding Round: Series A, Jul 06, 2020, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 3 of 318 Competitors
Companies founded year-on-year in the CFO Stack sector in Berlin
3 new startups have been founded so far in 2026 in the CFO Stack sector in Berlin. 10 CFO Stack startups in Berlin were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 3 |
2025 | 3 |
2024 | 6 |
2023 | 5 |
2022 | 7 |
2021 | 10 |
2020 | 10 |
2019 | 9 |
2018 | 5 |
2017 | 4 |
Stage-wise distribution of CFO Stack sector companies in Berlin
Out of the total 110 CFO Stack companies in Berlin, 50 have secured funding. Among them, 22 have reached Series A or higher, and 20 to Series B or beyond.
Founded - 110
Funded - 50
Series A+ - 22
Series B+ - 20
Series C+ - 18
Company Stage | No. of companies |
|---|---|
Founded | 110 |
Funded | 50 |
Series A+ | 22 |
Series B+ | 20 |
Series C+ | 18 |
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Funding Trends in the CFO Stack sector in Berlin
Total funding year-on-year in the CFO Stack sector in Berlin
The CFO Stack sector in Berlin saw a total funding of more than $311M in the last 10 years. The most amount of funding was in 2022 at more than $84.9M. There has been a total funding of $28.8M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $28.8M |
2025 | $24M |
2024 | $6.97M |
2023 | $25.1M |
2022 | $84.9M |
2021 | $45.5M |
2020 | $45.6M |
2019 | $11.4M |
2018 | $9.57M |
2017 | $29.2M |
Recent Funding Rounds in CFO Stack in Berlin
In the year 2026, till September 2026, CFO Stack companies in Berlin have raised $28.8M in equity funding across 3 rounds.
In the same period last year (i.e. till September 2025), CFO Stack companies in Berlin had raised $24M across 4 rounds.
So, 2026 has seen a 19.86% rise in funding in CFO Stack companies in Berlin as compared to 2025.
Here are some recent, important funding rounds in CFO Stack companies in Berlin:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 9859 | Sep 16, 2026 | ||
Seed | 3692 | Jun 30, 2026 | ||
Seed | 7950 | Apr 09, 2026 | and 1 more | |
Seed | 5461 | Nov 19, 2025 | ||
Seed | 2391 | Sep 29, 2025 |
Top Investors in CFO Stack in Berlin
General Catalyst is the top investor in CFO Stack companies in Berlin based on number of companies invested.
Here are some top investors in CFO Stack companies in Berlin:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Cambridge (United States) | ||
Menlo Park (United States) | ||
Berlin (Germany) | - | |
Vienna (Austria) | ||
Stockholm (Sweden) | - |
M&A activity in CFO Stack sector in Berlin
In the year 2026, till October 2026, 2 acquisitions happened in CFO Stack sector in Berlin. Last year, in 2025, a total of 1 acquisition happened in CFO Stack sector in Berlin.
Here are some recent, important acquisitions in CFO Stack sector in Berlin:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 06, 2026 | ||
Business Acquisition | 2026 | ||
Business Acquisition | Oct 16, 2025 | ||
Business Acquisition | Feb 23, 2024 | ||
Acqui-Hired | Sep 04, 2023 |
Acquisition trends in CFO Stack sector in Berlin
Here are the acquisition trends in CFO Stack sector in Berlin:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 2 |
2025 | 1 |
2024 | 1 |
2023 | 4 |
2022 | 3 |
2021 | 2 |
2020 | - |
2019 | - |
2018 | - |
2017 | 1 |
Colleges which produce the most CFO Stack companies in Berlin
Companies founded by alumni from top colleges in the CFO Stack in Berlin
Most number of CFO Stack startups in Berlin have been founded by alumni from University of Oxford, London School of Economics and Political Science and University of Cambridge.
College | No. of companies |
|---|---|
University of Oxford | 3 |
London School of Economics and Political Science | 2 |
University of Cambridge | 2 |
WHU – Otto Beisheim School of Management | 2 |
Cornell University | 1 |
ETH Zurich | 1 |
Imperial College London | 1 |
King’s College London | 1 |
Massachusetts Institute of Technology | 1 |
Nanyang Technological University (NTU) | 1 |
Total funding in CFO Stack companies founded by alumni from top colleges in Berlin
In the last 10 years, University of Cambridge graduates' CFO Stack companies in Berlin have raised the most funding among top colleges. Stanford University alumni are second, and London School of Economics and Political Science alumni are third.
College | Total Funding |
|---|---|
University of Cambridge | $51.7M |
Stanford University | $51.2M |
London School of Economics and Political Science | $23.5M |
University of Toronto | $10M |
Technische Universität Berlin | $2M |
University of Oxford | $1.03M |
Massachusetts Institute of Technology | $500K |
Nanyang Technological University (NTU) | $500K |
Technical University of Munich | $500K |
WHU – Otto Beisheim School of Management | $500K |
Top News in CFO Stack in Berlin
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A New Era in Debt Collection: PAIR Finance Revolutionises Customer Service with Generative AIFintech Finance•Nov 19, 2024•PAIR Finance
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ACE Alternatives and Monite Collaborate to Transform Fund ManagementNewswire•Jun 28, 2024•Monite, Ace Alternatives
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Berlin-based automated accounting platform Candis raises $16mFinTech Futures•Sep 15, 2022•Candis, Viola Group, Lightspeed Venture Partners
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Ageras Pushes Into Europe’s Largest Market, Buying German Neo-Bank KontistBusiness Wire•Jul 28, 2022•Ageras, Kontist
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Monite partners with Codat to enable any app to embed invoicing and bill payment featuresFintech Finance•Jul 26, 2022•Monite, Codat
