Finli, a Los Angeles, CA-based payment management platform built for service-based small businesses in the US, closed a $6m Seed funding round.
The round was led by the Urban Innovation Fund. Motley Fool Ventures, M13, Alumni Ventures, and all existing investors also participated in the round.
The company intends to use the funds to expand the team and business banking capabilities, moving towards becoming a holistic financial services solution.
Led by Lori Shao, CEO, Finli provides a platform designed for businesses to manage all aspects of invoicing and payments communication, allowing them to use familiar tools and customers to easily pay outstanding invoices through their mobile devices.
The system allows small businesses to invoice on the go: sending invoices, looking up customer information, creating recurring invoices and checking on payment status from a phone. New users are able to set up an account and issue an invoice in under one minute through their mobile device, desktop or any other device. There are zero merchant transaction fees for business bank-to-bank transfers. Cash and check payments can be reconciled through Finli’s platform and businesses can manage collections through automated emails & text messages.
FinSMEs
06/07/2022