Reconcilio, a Cyprus-based fintech company, has successfully closed its first funding round, securing €200,000 to accelerate its expansion. The company develops reconciliation automation solutions designed for accounting firms and finance teams.
Founded by qualified accountants, Reconcilio addresses one of the most resource-intensive tasks in finance: transaction reconciliation. Finance teams often spend significant time matching data across banks, payment providers, ERP systems, vendors, intercompany accounts, and many other sources. The process is slow, repetitive, and prone to error. Reconcilio’s technology replaces that manual work with automated processing.
The platform delivers reconciliation accuracy of 99.5% even on fragmented or unstructured data, while compressing the entire reconciliation cycle from days or hours to just minutes. Data gathering, matching, and reporting are completed within a single workflow, ensuring reliability without false positives.
The system works with any ERP and any file format, without requiring integrations or configuration. Early clients include accounting firms and businesses that process large transaction volumes.
In addition, Reconcilio offers its Reconciliation Engine as an API for other software solutions to use and incorporate reconciliation functionality within their offering.
Proceeds from the funding will be used to strengthen the company’s Reconciliation Engine, extend product capabilities, and support market expansion. Reconcilio positions itself as the reconciliation layer for finance, offering scalability across industries and geographies.
About Reconcilio
Reconcilio is a financial reconciliation SaaS platform headquartered in Cyprus. The company automates transaction matching across multiple data sources, reducing manual workloads and improving accuracy, efficiency, and compliance.
