# Acudeen Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/acudeen-technologies

- Industry: Financial Services
- Headquarters: Manila, Philippines
- Total disclosed funding: $1M
- Latest round: Series A (May 1, 2017)
- Investors on record: 3

## About

Founded in 2016 and based in Manila, Philippines, Acudeen Technologies Inc., operates an online payables management platform that allows small and medium entrepreneurs to manage business operations and connect with financial institutions. In June 2017, Acudeen Technologies Inc., raised USD 6 million in venture funding led by Rizal Commercial Banking Corp.

The company offers a financial service that includes an online platform used for receivables discounting, payment terms, improved cash forecasting, cash flow predictability and certainty, reduced days of sales outstanding, and many more solutions.

The company helps small and medium enterprises (SMEs) by facilitating an invoice factoring procedure to improve and develop companies.

## Funding rounds

- Series A, May 1, 2017, $1M — 500 Global, Nullabor, Seedstars

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- Nullabor — Series A
- Seedstars (https://capitalatlas.ai/funds/seedstars) — Series A