# Maxime Mandin

> Maxime Mandin is a Series A investor at BlackFin Capital Partners backing Payments and Software. See 10 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [BlackFin Capital Partners](https://shizune.co/investors/profile/blackfin-capital-partners)
- Location: Paris, France
- Total investments: 10
- Last investment: May 2025
- Lead investor: 50%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/maxime-mandin-836583b/
- X (Twitter): https://twitter.com/MaximeMandin

Maxime Mandin is a Series A investor at BlackFin Capital Partners in Paris focused on Payments and Software. Maxime Mandin is based out of Paris, Ile-de-France and is the Managing Director of BlackFin Capital Partners. Maxime previously worked at Friss as a Board Director. Maxime Mandin attended the EDHEC Business School.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Payments | 3 | 30% |
| Software | 2 | 20% |
| Compliance | 2 | 20% |
| Cyber Security | 2 | 20% |
| Fraud Detection | 2 | 20% |

18 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 3 | 30% |
| Series C | 3 | 30% |
| Series B | 2 | 20% |
| Seed | 1 | 10% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Germany | 3 | 30% |
| United Kingdom | 1 | 10% |
| The Netherlands | 1 | 10% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| bezahl.de | bezahl.de automates, digitizes, and streamlines the entire receivables process, from invoicing and dunning to financial accounting booking. Bezahl is a financial technology startup. | $26.1M | Series C | May 21, 2025 |  |
| Hawk | Money-laundering detection & investigation platform. SaaS, Cloud, Artificial Intelligence, Machine Learning. | $56M | Series C | Apr 08, 2025 |  |
| Hawk | Money-laundering detection & investigation platform. SaaS, Cloud, Artificial Intelligence, Machine Learning. | $107.6M | Series B | Jun 10, 2024 |  |
| Hawk | Money-laundering detection & investigation platform. SaaS, Cloud, Artificial Intelligence, Machine Learning. | $17M | Series B | Jan 26, 2023 |  |
| Hypatos | AI Agents for Global Business ProcessesScale without headcount growth with AI agents that carry out end-to-end processes in P2P & O2C, while humans orchestrate, lead, decide. Hypatos automates friction points at critical buyer-supplier moments to remove the costliest 10% exceptions blocking true touchless execution. With proprietary GBSexpertise, transparent agentic reasoning & pre-configured integrations, we deploy in weeks, deliver 90%+ straight-through automation, and elevate GBS to a business enabler instead of just a cost center. Our solutions: - Invoice processing - Tax coding and compliance - Delivery notes automation - PO confirmations - Dunning letter automation - Sales order management - Cash application - Contract accountingFor GBS teams with non-standard document types, custom ERP landscapes, or specific process requirements, we configure agents to fit your exact workflows - without long implementation cycles.Hypatos gets you on the fast track to value: - 90%+ straight-through processing - 6-9 Mo. ROI - $4 global savings per $1 spend - 20x productivity: from 50 to 1000 documents FTE/day |  | Series A | Jan 11, 2022 |  |
| Hawk | Money-laundering detection & investigation platform. SaaS, Cloud, Artificial Intelligence, Machine Learning. | $10M | Series A | Jun 23, 2021 |  |
| Hypatos | AI Agents for Global Business ProcessesScale without headcount growth with AI agents that carry out end-to-end processes in P2P & O2C, while humans orchestrate, lead, decide. Hypatos automates friction points at critical buyer-supplier moments to remove the costliest 10% exceptions blocking true touchless execution. With proprietary GBSexpertise, transparent agentic reasoning & pre-configured integrations, we deploy in weeks, deliver 90%+ straight-through automation, and elevate GBS to a business enabler instead of just a cost center. Our solutions: - Invoice processing - Tax coding and compliance - Delivery notes automation - PO confirmations - Dunning letter automation - Sales order management - Cash application - Contract accountingFor GBS teams with non-standard document types, custom ERP landscapes, or specific process requirements, we configure agents to fit your exact workflows - without long implementation cycles.Hypatos gets you on the fast track to value: - 90%+ straight-through processing - 6-9 Mo. ROI - $4 global savings per $1 spend - 20x productivity: from 50 to 1000 documents FTE/day | $11.8M | Seed | Sep 03, 2020 |  |
| Ravelin | Ravelin is a smart fraud detection and prevention platform that helps companies stop online payment fraud by examining customer behavior data and spotting fraudsters while there is still time to block them. The company imports a client’s visitor, registration, and payment data in real-time, via an API, inspects data using an AI, identifies andblocks fraudsters, and enables systems to prevent such crimes in the future. | $20.7M | Series C | Jul 15, 2020 |  |
| Ravelin | Ravelin is a smart fraud detection and prevention platform that helps companies stop online payment fraud by examining customer behavior data and spotting fraudsters while there is still time to block them. The company imports a client’s visitor, registration, and payment data in real-time, via an API, inspects data using an AI, identifies andblocks fraudsters, and enables systems to prevent such crimes in the future. | $10.2M | Series B | Sep 11, 2018 |  |
| Friss | Friss is the provider of analytics software for fraud, risk, and compliance for P&C insurers. Friss has 100% dedication to fraud, risk, and compliance for non-life insurance companies worldwide. FRISS helps insurers to achieve profitable portfolio growth and improve their perception in the market as trustworthy insurer. FRISS is a ready-to-usebusiness solution and improves the insurers' loss ratios by identifying high risks and fraud at quotation, underwriting, and claim handling across all private and commercial lines.The FRISS® Score enables better decisions since it indicates the risk for each quotation, policy or claim. FRISS is global market leader with 150+ implementations in over 30 countries.FRISS (www.friss.com) offers a complete solution for fraud, risk and compliance. ☆ Risk assessment at underwriting ☆ Generate profitable growth for your portfolio by real-time automated detection and assessment of risks during the underwriting process. It is important to prevent fraud and assess risks by having a holistic view of prospects before they enter your portfolio. The FRISS underwriting solution provides an intelligent and uniform risk estimation, which is proven to improve the combined ratio significantly.☆ Prevent and detect fraud at claims ☆ The general assumption is that, at average, around 10% of all Insurance Claims are tied to some sort of fraud. In order to finance these malicious claims, we all pay additional for our Insurance Policies. Three things are important: - How to detect fraud correctly and efficiently? - How to detect malicious customers in time? - How do you handle this in your daily operational business? Reduce your loss ratio by increasing the chances of detecting fraud and limit false positives to a minimum. Use automated fraud detection during the claims process to make an accurate and objective estimation of the risks related to a claim. It improves straight through processing (STP), and claims that need further attention will be recognized directly.☆ Become and stay compliant ☆ Compliance concerns all insurance processes. Become and stay compliant with the latest legislation and regulations. Knowing and screening your customers will prevent reputational damage and avoids high penalties. Gain insight into Ultimate Beneficial Owners (UBOs). This will enhance the quality of your underwriting process. Furthermore, administrative burdens will be reduced to a minimum.FRISS is recognized by Gartner in 2014 as the European market leader and striving to become the global leader. | $15.9M | Series A |  |  |

10 of 10 investments shown.

## Co-investors
- [DN Capital](https://shizune.co/investors/profile/dn-capital) — VC Fund, 8 deals together
- [Picus Capital](https://shizune.co/investors/profile/picus-capital) — VC Fund, 4 deals together
- [Coalition Capital](https://shizune.co/investors/profile/coalition-capital-9920) — VC Fund, 3 deals together
- [Sands Capital Ventures](https://shizune.co/investors/profile/sands-capital-ventures) — VC Fund, 3 deals together
- [Grazia Equity](https://shizune.co/investors/profile/grazia-equity) — VC Fund, 2 deals together
- [Macquarie Capital](https://shizune.co/investors/profile/macquarie-capital-funds) — VC Fund, 2 deals together

## About BlackFin Capital Partners

VC Fund · Paris, France

BlackFin is a sector-focused fund, specializing in Financial Services in Europe.The firm’s strategy focuses on asset-light (as opposed to balance-sheet intensive) businesses in the financial services sector, across continental Europe. BlackFin operates as an active and influential investor, substantially transforming its portfolio companies bygrowing them organically, improving operating margins and also through an active buy and build strategy. The firm supports successful management teams to take their businesses to the next level.

5 contacts available at BlackFin Capital Partners.

| Name | Title | Profile |
| --- | --- | --- |
| Bruno Rostain | Founder and Partner | https://shizune.co/investors/profile/bruno-rostain |
| Daniel Cohen-Sabban | Partner | https://shizune.co/investors/profile/daniel-cohen-sabban |
| Eric May | Founder and Partner | https://shizune.co/investors/profile/eric-may-2 |
| Julien Creuze | Partner | https://shizune.co/investors/profile/julien-creuz |
| Maxime Mandin | Managing Director | https://shizune.co/investors/profile/maxime-mandin |

## Similar investors

### Similar stage
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- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## FAQ

### What does Maxime Mandin invest in?

Maxime Mandin invests primarily in Payments, Software and Compliance startups, most often at Series A and Series C stage. Most of the 10 investments tracked by Shizune back companies in Germany. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Maxime Mandin last invest?

The most recent investment recorded for Maxime Mandin closed in May 2025. Shizune tracks 10 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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