About Cake
Cake is a Technology company based in Kapellen (Belgium) founded in 2019 by Davy Kestens, and was acquired by Levenue in November 2023. Personal finances are managed via a unified mobile application. Cake has raised $5.24 million across 1 funding round from investors including Levenue, Truffle Capital and Seeder Fund. The company has 6 employees. Its chief executive, as recorded, is Davy Kestens. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Expense Management. Its legal entity is Cake NV. Its competitors include Rydoo, Halff and Benki.
Company details
Cake was founded in 2019 in Kapellen, Belgium, within the personal financial management sector. Solutions are delivered through a mobile app accessible on iOS and Android devices. Expenses are tracked and consolidated in one platform, with tools provided for financial control, spending comparisons, and payment alerts. Operations focus on individual users seeking streamlined expense oversight.
Funding Insights of Cake
Cake has successfully raised a total of $5.24M through 1 strategic funding round. The most recent funding activity was a Seed round of $5.24 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.24M
- Total Rounds 1
- Last Round Seed — $5.24M
- First Round $5.24M
(Jan 2022)
- Investors Count 4
All 1 funding rounds of Cake with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $5.24M | Seed | – | Truffle Capital |
5 investors in total: 5 institutional.
Investors in Cake
Cake has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Levenue, Truffle Capital and Seeder Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Truffle Capital is recognized as a leading European venture capital firm. | 2001 | truffle.com | Paris, France | |
Venture debt is provided to tech start-ups based in Belgium. | seederfund.be | Brussels, Belgium | ||
VC & PE fund | sambrinvest.be | Charleroi, Belgium | ||
| freshment.com | ||||
Non-dilutive financing is provided to businesses via SaaS platform. | 2021 | levenue.com | Breda, Netherlands |
Investor details for Cake
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People of Cake
2 people are tracked at Cake (1 in leadership, 1 in team); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
Davy Kestens | Co-Founder & CEO | Leadership |
Benjamin Rieder | Board Member | Team |
Complete people profiles for Cake
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Cake
3 dated milestones of Cake across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Cake is founded.
- Funding First funding round of $5.2M.
- Exit Acquired by Levenue.
Competitors of Cake
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| rydoo.com | 2013 | Mechelen, Belgium | 120 | AI and SaaS platform for business expense management is provided. | ||
| halffapp.com | 2019 | Leuven, Belgium | Account-linked expense aggregation platform | |||
| benki.be | 2013 | Zaventem, Belgium | Delivers a multi-bank app for efficient expense management. |
Detailed competitors of Cake
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Web traffic of Cake
The website of Cake (cake.app) receives about 2.5K visits a month.
- Monthly visits2.5K
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Frequently Asked Questions about Cake
Cake was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Cake is headquartered in Kapellen, Belgium. It is registered at Kapellen, Antwerp, Belgium.
Davy Kestens is the CEO of Cake, as recorded in our data. They have also founded this company.
Cake is a funded company, having raised a total of $5.24M across 1 funding round to date. The company's 1st funding round was a Seed of $5.24M, raised on Jan 2022.
Cake has 6 employees.
Cake was founded in 2019 in Kapellen, Belgium, within the personal financial management sector. Solutions are delivered through a mobile app accessible on iOS and Android devices. Expenses are tracked and consolidated in one platform, with tools provided for financial control, spending comparisons, and payment alerts. Operations focus on individual users seeking streamlined expense oversight.
Cake has 5 investors. Key investors include Levenue, Truffle Capital, Seeder Fund, freshment.com, and Sambrinvest.
Cake operates through Cake Nv.
Yes. Cake was acquired by Levenue in November 2023.