Bezahl in a €5M funding round led by Embedded Capital.

Bezahl, a Cologne, Germany-based fintech software developer of receivables and payment management solutions in the automotvice business, announced closing a €5M ($5.6M) funding round.

The money was raised from investors from Germany led by Embedded Capital and joined by Marco Schnabl, Rolf Christof Dienst (founder of Wellington Partners), Carlo Kölzer (founder and CEO of 360T), Kai Siersleben (Managing Director at Copart Deutschland GmbH, formerly CEO Autoline and Control€xpert), Gerhard Cromme (ex-Chairman of the Supervisory Board of AUTO1 Group SE) and Carl-Peter Forster (formerly Member of the Board of Management of BMW AG, Chairman of the Board of Management of Adam Opel AG, President of General Motors Europe and Group CEO of TATA Motors).

Bezahl, operated by Bezahl, founded in 2018 by Lasse Diener and Ulrich Schmidt, developed a software solution that automates, digitizes and simplifies the entire process from payment request to posting in the financial accounting system of its customers. The company works with automotive customers including  AVAG Holding SE, Sixt Leasing and the Beresa Group.