Chift raises €10.5m to build financial connectivity layer for the AI era

Chift has secured €10.5 million to expand its 'connectivity layer' technology, which acts as a bridge between different financial software systems. For retailers and service providers, this investment signals a major shift in how financing tools talk to your existing business software. Instead of dealing with fragmented data between your accounting software, point-of-sale system, and third-party lenders, new AI-driven integrations are making these connections seamless. This funding will accelerate the development of tools that allow lenders to see real-time business health. For an operator, this means that applying for merchant financing or offering consumer credit could become much faster. The technology helps automate the data exchange that usually requires manual uploads or complex API work. As Chift expands its reach, expect to see more 'embedded' finance options appearing directly inside the software you already use to run your daily operations. This reduces friction at the point of sale and helps you get approved for higher credit limits by providing lenders with more accurate, automated financial snapshots of your business.

Source: Finextra — Lending

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