Amsterdam’s Duqu Raises €1.5 Million to Tackle Europe’s Late Invoice Problem
FinTech startup Duqu has secured €1.5 million in pre-Seed funding to expand its AI-powered platform, which aims to unlock cash tied up in unpaid invoices, a pressing issue for nearly half of B2B transactions in Western Europe.
Duqu, an Amsterdam-based FinTech startup, has raised €1.5 million in a pre-Seed round led by Curiosity VC and No Such Ventures to help businesses access cash stuck in unpaid invoices—a challenge affecting nearly 47% of B2B invoices in Western Europe, according to company figures.
The September 24 funding round will support the development of Duqu’s AI-driven credit assessment technology and its white-label solutions for banks and lenders. Since its founding in October 2025 by Maas de Goede, Victor Brouwer and Diederik Nassenstein, the platform has processed €4.6 million in applications and advanced over €1.2 million to businesses.
Duqu’s platform automates 95% of the credit assessment process using a proprietary AI underwriting engine. This allows businesses to apply for short-term advances without selling their invoices and without set minimum or maximum thresholds—offering flexibility that outpaces many traditional lenders.
Delayed invoice payments remain a significant barrier for European businesses, particularly smaller firms facing tight operating margins. By providing immediate access to working capital, Duqu aims to improve cash flow management and operational resilience. The company’s model reflects a broader FinTech trend of automating credit risk assessments to speed up funding decisions for businesses.
The new capital will enable Duqu to enhance its technology and expand its reach to more users and partners. Herman Kienhuis of Curiosity VC and Thijn van Helvoirt of No Such Ventures both cited the urgent need for innovation in business finance as a key reason for their support.
Duqu’s white-label offering allows banks and other lenders to integrate its technology, potentially broadening its impact beyond its own user base. While the platform’s dependence on AI performance and competition from established players present risks, the company sees opportunities to adapt its technology to other credit markets, such as leasing and mortgages.
The fundraising comes as European businesses seek alternatives to traditional financing, with FinTechs racing to fill liquidity gaps exacerbated by persistent late payments across the region.
