# CashFlo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cashflo

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.cashflo.io
- Total disclosed funding: $12M
- Latest round: Series B (Sep 6, 2022)
- Investors on record: 4

## About

CashFlo, based in Mumbai, India, is a financial automation platform established in 2019, facilitating efficient vendor management, invoice reconciliation, and dealer financing for businesses.CashFlo is a fintech company that specializes in automating financial operations for enterprises. Founded in 2019 in Mumbai, India, by Ankur Bhageria, Dushyant Agarwal, and Kashyap Harlalka, CashFlo has attracted significant investment, raising a total of INR 700 million in its latest funding round, Series B, led by General Catalyst Partners on September 6, 2022. The company has successfully executed 2 funding deals so far, contributing to its development and market presence.CashFlo offers a financial automation platform that streamlines vendor management, invoice reconciliation, and dealer financing. It enhances cash flow management and optimizes working capital through automated processes, facilitating operational efficiency. The platform integrates smoothly with existing ERP systems and includes modules for Accounts Payable (AP) Automation, Compliance & GST Suite, Vendor Management, and Supply Chain Financing. With over 5,000 corporate clients and 300,000 small and medium enterprises, CashFlo is making strides in the Indian market and eyeing international expansion.In the most recent fiscal year of 2023, CashFlo generated revenue of INR 590,536.10, while reporting an EBITDA of -INR 2,769,109.10. Its revenue model features customized pricing based on the solutions implemented by clients, predominantly through subscription fees associated with various financial automation modules. The platform maintains a strong transaction framework, aiding clients in efficient cash flow management and compliance readiness, evidenced by a proven track record of zero client churn over five years.Following its Series B funding round in September 2022, CashFlo plans to allocate the newly raised INR 700 million towards enhancing core products and technology, with a focus on expanding its market leadership in the enterprise segment. The company is also developing new product lines tailored for CFO functions. CashFlo aims to enter new markets, specifically targeting international expansion within the next few years.

## Funding rounds

- Series B, Sep 6, 2022, $8.8M — General Catalyst Partners, Elevation Capital, Whiteboard Capital
- Series A, Sep 17, 2019, $3.2M — SAIF Partners

## Investors

- SAIF Partners (https://capitalatlas.ai/funds/saif-partners) — Series A
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series B
- Elevation Capital — Series B
- Whiteboard Capital (https://capitalatlas.ai/funds/whiteboard-capital) — Series B