Financial Software Architects receives seven-figure seed financing

The start-up has developed the Envoria software, which helps companies to disclose their key sustainability figures. Fisa wants to use the seed funding to strengthen its development team.

Financial Software Architects (Fisa) has received a seven-figure sum for its Envoria software in a seed financing round. The capital comes from ILB subsidiary Brandenburg Kapital, Bavarian Sustainable Capital and Fino Ventures.

Sven Schubert, Thimo Brinkmann and Stefan Siemers founded Fisa in 2018. The start-up has developed the contract management software Contavio and the ESG software Envoria. The latter helps companies to record, qualify and disclose environmental, social and corporate governance data.

"With Envoria, we already fully cover all adopted regulations, whether EU taxonomy, European Sustainability Reporting Standards (ESRS) or supply chain law," says Fisa Managing Director Sven Schubert. "In addition, our team of auditors and developers ensures that new regulations are covered in a legally compliant manner as soon as they come into force." The Global Reporting Initiative has certified Envoria.

Fisa intends to use the capital from the financing round to strengthen its development team and expand its sales network. To date, the start-up has employed more than twenty people at its offices in Munich and Potsdam.