Peakflo announces its seed funding
On July 6th 2022, Peakflo announced its $4.1M seed funding from Y Combinator, Rebel Fund, Amino Capital, Soma Capital, GMO Fintech Fund, CE Innovation Capital (CEiC), GFC, EF and Angel Investors (such as Oliver Jung, Amrish Rau, Alexander Kudlich and XA network).
“We are grateful to our investors for their belief in our team and vision. We are delighted to have them on board as we build a centralized finance operations software for mid-sized companies and growth stage startups in SE Asia,” said Saurabh Chauhan, Co-founder & CEO. “Traditionally, finance operations workflow is split across fragmented silos: ERPs, banks and spreadsheets, leading to an expensive and cumbersome receivables and payables process. Peakflo helps these companies spend more time on growing their business and less on managing collections and payouts.”
Since launching in 2021, Peakflo provides businesses a unified workspace with integrations and automated workflows that streamline invoice collections and bill payments. Today, over 50 fast growing startups and mid-sized companies in SE Asia use Peakflo to put their receivables and payables on autopilot. These businesses have been able to get paid faster by up to 20% and cut their bill pay times in half.
Saurabh Chauhan, Co-Founder & CEO and Dmitry Vedenyapin, Co-Founder & CTO
See: Techcrunch exclusive about “Peakflo’s bid to build business payments for Southeast Asia attracts capital, customers.”
Also see: Peakflo picked amongst favourites by TechCrunch out of the YC W22 startups that presented at demo day.
Peakflo is bill.com for SEA. With its simple API and one-click accounting software integrations, allows businesses to streamline their invoice collections and bill payments. Finance teams in SE Asia, use Peakflo each week to:
– Save 100 hours/month on finance ops
– Get paid faster on customer invoices by 10-20 days
– Save 50-90% on vendor payment fees