Cashbee raises €5.5 million from La Banque Postale, My Money Group and business angels in France

Cashbee, a Paris, France-based software startup building a consumer mobile app for financial savings, announced completing a €5.5 million ($5.8 million) funding round.

The money was raised from investors from France including La Banque Postale and My Money Group, as well as angel investors Romain Afflelou, through the family office AA & Sons, and Adrien Montfort, co-founder of Sorare

Cashbee, founded in 2018 by Marc Tempelman, Cyril Garbois (both co-CEOs) and Chaker Nakhli, developed a consumer savings solutions available via a mobile application. The app is used by 6,000 French customer, and has features including current accounts, savings accounts and private investments facilities.

Cashbee initially raised €1.1 million in 2019.