Digiteal raises
1 Million Euros

On December 28th 2018, Teal IT SA, which markets invoice management and secure payments solutions, officially became Digiteal SA and raised 1.032.000 €.

Digiteal completed a capital increase of €832,000 coupled with a subordinated loan of €200,000. This capital increase follows in particular the requirements of the new European directive “PSD2”. Digiteal is approved by the National Bank of Belgium as a payment institution and is therefore subject to very strict rules, whether in terms of equity, IT security, etc.

For Cédric Nève, founder, this capital increase « will also allow Digiteal to move forward: providing even more complete trust payments, being the first company to support the European standard for electronic invoicing PEPPOL for individuals and deploying Digiteal in Europe. »

This fundraising was carried out thanks to existing shareholders (such as EASI and LeanSquare), new private investors (directly or via the crowdfunding platform Spreds) and Novalia. « We would like to take this opportunity to thank them for their trust. » says Cédric Nève.

He also adds: « Regarding the initial name of the company (Teal IT SA) and its commercial name on the market (Digiteal), it became clear that we needed only one reference. Whether it is the general public, the Fintech sector or our customers, Digiteal is the brand in which they trust.»

EASI, Jean-François Herremans, Managing Partner

«The increase of EASI’s participation in Digiteal results from a great satisfaction following our first year of collaboration. We recognize EASI’s vision in their solutions and their way of working.
Electronic billing and dematerialization are at the heart of our strategy. The potential felt in this project has been confirmed over the months.There is a real match between the Digiteal solution and the market.
As always at EASI, the human aspect has also convinced us to increase our involvement. Just like us, they believe in transparency towards their colleagues, shareholders, partners and customers.

The founders and the whole team are very open-minded, too. Now that they have built solid foundations in 2018, they can focus on their evolution. Their motivation has pushed us to invest more in their project, financially as well as in terms of business coaching.»

LeanSquare, José Zurstrassen, President

«LeanSquare is increasing its investment in Digiteal because we are convinced that the company can strengthen its position as a payment expert in a wider range of sectors, including marketplaces and equity financing platforms. We are also delighted to support Cedric and his team in their development in new markets.»

About Digiteal

By making it accessible to secure money in Europe, Digiteal creates trust between a buyer and a seller. By optimizing invoice management and payment, Digiteal avoids the ecological waste of paper invoices. All this allows companies and individuals to have a positive impact on the environment and to devote their time to what is essential.

About EASI

EASI is a Belgian IT company founded in 1999, offering state-of-the-art solutions to the mid-market, in the domains of software development, mobile app development as well as IT infrastructure & security and cloud computing. EASI aims to deliver short implementation cycles and a high added value for its customers: flexible solutions for companies that need a partner that stays close to them.
EASI also spends a lot of attention to the well-being of its 200 collaborators. EASI is the Best Workplace of Belgium since 2015.