Fakto, a French startup building AI agents for procurement and finance teams, has raised €3.6 million in a funding round led by Frst, with participation from GFC and Darkmode. The round also included business angels Alain Dehaze, Jean-Stéphane Arcis, and Dominique Vidal.
The company says the round was completed in three weeks. Fakto develops software that ingests supplier contracts, analyzes invoice lines, compares them with signed terms, and flags discrepancies in real time. Its platform is designed to help large companies identify overbilling and capture unused contract value.
The new funding will support Fakto’s international expansion plans, with a move into the UK slated for the second half of 2026 and a US launch targeted for early 2027. The company also plans to hire four to five tech employees to support its three co-founders.
The company says the round was completed in three weeks. Fakto develops software that ingests supplier contracts, analyzes invoice lines, compares them with signed terms, and flags discrepancies in real time. Its platform is designed to help large companies identify overbilling and capture unused contract value.
The new funding will support Fakto’s international expansion plans, with a move into the UK slated for the second half of 2026 and a US launch targeted for early 2027. The company also plans to hire four to five tech employees to support its three co-founders.