Growfin, a Marietta, GA-based provider of a SaaS fintech platform, raised $7.5M in Series A funding.
The round was led by SWC Global with participation from existing investors 3one4 Capital and angels investors.
The company intends to use the funds to expand its business reach and make significant investments in its tech stack and product range in 2023.
Founded in 2021 by Aravind Gopalan and Raja Jayaram, Growfin is a SaaS fintech platform that provides a Finance CRM system to help B2B companies optimize their working capital by accelerating payment collections from customers and improving cash flow efficiency. Its AI-based system provides real-time visibility and predictability in accounts receivables, streamlining the process and improving cash inflows. With automation, collaboration tools and real-time collection tracking capabilities, it helps finance, sales and customer success teams connect in one place to handle customer relationships during the payment process and improve efficiency in collecting payments. The solution integrates with any ERP (which connects invoices with payments) and CRM systems (which connect leads to sales) to drive faster payment collections from customers, improving the cash flow and the financial health of businesses.
Customers include Intercom, Fourkites, Mindtickle, Darwinbox, and Quick Dry Restoration.
FinSMEs
07/03/2023