Plino secures €650k to automate SME finance with generative AI
Plino raised €650k to speed up FP&A for Italian SMEs with AI, unifying data and automating reporting. Backed by Exor and SkyDeck, it already supports 100+ firms.
Plino raises €650,000 to speed up FP&A for Italian SMEs
Plino, the start-up simplifying financial analysis for SMEs with generative AI, has closed a €650,000 funding round. Founded in 2023 within Vento, the venture-building program in Turin, the company first secured investment from Exor Ventures, followed by Berkeley SkyDeck Europe and a pool of Italian investors led by Techaround.vc, with participation from Zooga.vc and several business angels, including CFOs and accountants.
Why this matters for finance leaders
SME finance teams are stuck reclassifying ledgers, reconciling multi-bank cash, and stitching together Excel reports. Plino targets that drag and turns it into a single, real-time view for decisions that can't wait.
- Unifies data from accountants, management software, and banks.
- Automates recurring analysis: sales, costs, margins, and cash flows.
- Generates clear reports in natural language for faster stakeholder updates.
What the funding will fuel
- Cash flow forecasting with real-time inputs.
- Automatic generation of natural language reports.
- Profitability analysis by product, service line, or project.
- Team expansion across product, technology, and sales (currently nine people).
- Partnerships with professional firms and trade associations to modernize accounting workflows.
Traction and team
Plino is already supporting 100+ SMEs across manufacturing, services, food, hospitality, and construction. Since 2024, it has been incubated at I3P, the Innovative Companies Incubator of Politecnico di Torino.
The founders-Pietro Galimberti (1998), Viola Bonesu (1999), and Enrico Castelli (1997)-were recognized in Forbes Under 30 (2024). Their combined backgrounds in philosophy, engineering, finance, and AI reflect the product's focus: practical analytics that remove friction from FP&A.
Investor perspective
"We chose to invest in Plino because it represents the perfect combination of a determined, multidisciplinary team and one of the most relevant yet overlooked challenges of the Italian economy: financial planning and analysis for SMEs," said Pietro Invernizzi, Managing Director of Techaround.vc. "Plino's solution stands out for its ease of use, making it accessible even to entrepreneurs and managers with limited digital literacy... we believe Plino can become a benchmark in the Italian market and scale across other European markets."
A concrete use case
A client in the food sector spent 10+ hours a week manually reclassifying revenues and costs to identify key customers, top product families, and cost-heavy areas. Managing five bank accounts was also manual, with no real-time cash visibility.
With Plino, the process is automated. Managers now make decisions in seconds with current data and consistent reporting.
What to watch next
Plino plans to consolidate its presence in Italy and expand analysis into labor costs and production performance. The goal is straightforward: give SMEs an immediate, error-free system for strategic, data-driven decisions-without the spreadsheet sprawl.
