Clément Mauguet graduated from EM Lyon in 2013. He worked in finance and consulting before co-founding Agicap in Lyon in 2016 with Sébastien Beyet and Lucas Bertola. His title on the founding team was chief expansion officer.
Agicap replaced the cash-flow spreadsheet with a dashboard connected to bank accounts and accounting tools. The early customers were small companies used to managing treasury by hand.
The company raised €2.4 million in 2019 and €15 million from Partech in 2020. In 2021 Greenoaks Capital led a $100 million round, about €82 million, which funded European expansion.
Agicap joined the French Tech 120 in 2022 and again in 2023. It had 100% growth in 2022 and planned to hire 600 people. In November 2024 it closed a Series C of about €45 million with AXA Venture Partners and Accel.