# ZenStatement

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

- Industry: Software
- Headquarters: Bengaluru, India
- Website: www.zenstatement.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Oct 10, 2024)
- Investors on record: 6

## About

Based in Karnataka, India, and founded in 2023 by CEO Sourabh Nolkha and Ankit Narsaria, ZenStatement, f.k.a. SimpliFin, operates as a financial technology company that focuses on providing artificial intelligence (AI)-powered financial analytics and cash flow management solutions for businesses with high transaction volumes. In October 2024, ZenStatement raised USD 1.6 million in seed funding co-led by 3one4Capital Advisors and Boldcap Ventures, with participation from Dynamis Ventures and Atrium Angels.

ZenStatement offers a platform for managing cash flow across multiple revenue streams, including online marketplaces and retail. The platform features tools for receivables management that support both online and offline channels, enabling businesses to handle high transaction volumes. The platform includes a reconciliation system capable of processing millions of entries, which helps identify and rectify revenue leakages. Additionally, ZenStatement automates various financial operations and facilitates accurate dispute resolution with a clear audit trail. The integrated solution connects internal and external ecosystems, enhancing financial oversight and improving cash flow planning and forecasting capabilities for organizations.

The company plans to use its proceeds from October 2024 funding to support the company's product developments and its expansion plans.

## Funding rounds

- Seed, Oct 10, 2024, $1.5M — BoldCap Ventures, 3one4Capital Advisors, 8i Ventures, Atrium Angels, Violet Sky Projects And Services LLP, Dynamis Ventures

## Investors

- BoldCap Ventures (https://capitalatlas.ai/funds/boldcap-ventures) — Seed
- 3one4Capital Advisors (https://capitalatlas.ai/funds/3one4capital-advisors) — Seed
- 8i Ventures (https://capitalatlas.ai/funds/8i-ventures) — Seed
- Atrium Angels (https://capitalatlas.ai/funds/atrium-angels) — Seed
- Violet Sky Projects And Services LLP — Seed
- Dynamis Ventures (https://capitalatlas.ai/funds/dynamis-ventures) — Seed