NOWaccount Network Corporation
Latest round
- Series A
Last raised
- Aug 2021
Total raised
- $14M
Investors
- 2
About NOWaccount Network Corporation
Founded in 2010 in Atlanta, Georgia, the company has completed 4 deals, with its most recent deal occurring in August 2021.00 mn. The core product enables businesses to sell their customer invoices to NOWaccount, facilitating immediate access to cash without the burdens typically associated with traditional lending, such as personal guarantees or collateral. This financial tool aims to alleviate cash flow constraints that many companies experience due to delayed customer payments, thus allowing them to meet payroll, invest in growth opportunities, and maintain operational stability.S. businesses generating substantial monthly receivables. The pricing structure includes a flat fee that varies based on the net terms of the invoices, with charges ranging from 3% to 8% depending on the length of the payment terms—typically between 15 and 120 days. When a business opts to utilize NOWaccount’s services, it submits customer invoices for approval, and once approved, the business receives funds via ACH, effectively converting receivables into immediate cash. This model allows businesses to offer favorable payment terms to their customers, enhancing sales opportunities while mitigating the risks associated with late payments. The company aims to enhance its product offerings and explore new geographic markets to foster growth.
Who invested in NOWaccount Network Corporation
2 investors across 2 rounds
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Questions about NOWaccount Network Corporation
Who invested in NOWaccount Network Corporation?
NOWaccount Network Corporation has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has NOWaccount Network Corporation raised?
NOWaccount Network Corporation has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did NOWaccount Network Corporation last raise money?
NOWaccount Network Corporation's most recent round on record is a Series A, in Aug 2021.
What does NOWaccount Network Corporation do?
Founded in 2010 in Atlanta, Georgia, the company has completed 4 deals, with its most recent deal occurring in August 2021.
Where is NOWaccount Network Corporation headquartered?
NOWaccount Network Corporation is headquartered in Atlanta, US.
Which VCs invest in companies like NOWaccount Network Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at NOWaccount Network Corporation's stage. Their profiles are linked below.
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