# VV Finly Technology Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vv-finly-technology-pvt

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.finly.io
- Total disclosed funding: $0.5M
- Latest round: Seed (May 6, 2019)
- Investors on record: 6

## About

VV Finly Technology Pvt Ltd develops accounts payable automation solutions to enhance financial processes for enterprises, providing tools that streamline invoice management and collaboration for finance teams.Founded in 2015, VV Finly Technology Pvt Ltd is based in Bangalore, India, and focuses on simplifying accounts payable through innovative software solutions. The company has undergone no significant pivots and operates independently. Erick Gomez serves as the CEO and has not been noted as having founded other companies. In December 2019, the company raised INR 34.97 million in a SEED funding round, with participation from investors including 91SpringBoard, Das42 Ventures, and others. The total amount raised by the company is INR 34.97 million, leading to a current valuation of INR 214.038 million.VV Finly Technology Pvt Ltd specializes in accounts payable automation software, including a 5-Way Matching Reconciliation System that enhances invoice processing accuracy. Their offerings also feature collaboration tools for finance teams, facilitating remote account management. The software automates various processes such as non-PO payments and utility bill payment processing, benefiting over 500 businesses across technology, retail, and manufacturing sectors, with a notable presence in key Indian markets.In the year 2023, VV Finly Technology Pvt Ltd reported revenues of INR 675,609. The company operates a subscription-based revenue model, offering tailored plans that cater to the varying needs of businesses. This model facilitates automated processes such as invoice processing and vendor management, which are central to their core offerings.VV Finly Technology Pvt Ltd plans to continue its growth trajectory by expanding its product line and enhancing existing functionalities to meet customer demands. The company is also exploring opportunities for geographic expansion beyond India, targeting specific regions that have shown demand for accounts payable solutions. The funds raised from the SEED funding round in December 2019 are expected to support these growth initiatives by facilitating product development and market entry strategies.

## Funding rounds

- Seed, May 6, 2019, $0.5M — Social Capital, AngelList Holdings, LLC, 91SpringBoard, Omphalos Ventures India, Gemba Capital, Das42 Ventures

## Investors

- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed
- AngelList Holdings, LLC — Seed
- 91SpringBoard — Seed
- Omphalos Ventures India (https://capitalatlas.ai/funds/omphalos-ventures-india) — Seed
- Gemba Capital (https://capitalatlas.ai/funds/gemba-capital) — Seed
- Das42 Ventures — Seed