French startup Upflow has raised a $15 million Sequence A round. The firm needs to enable you fling leisurely funds. It optimizes the vogue you get dangle of funds from your customers in convey to pork up your cash-cycle.
Investors in today’s funding round consist of 9yards Capital, present investor eFounders, as wisely as N26 co-founder Maximilian Tayenthal, Uber SVP of Start Pierre-Dimitri Gore-Coty, auxmoney co-founder and CEO Raffael Johnen.
Other folks that urge a industry usually inform you that getting paid is a ingesting job. In the occasion you make an invoice, likelihood is your customer will wait a pair of weeks prior to paying you. Most corporations stop up with a backlog of outstanding invoices sitting in an Excel spreadsheet.
They wait on an glimpse on their checking myth to manually reconcile these funds. And, clearly, and they also have to ship an e-mail or name a customer to inform them that now would possibly possibly well presumably be the time.
Upflow acts as the central repository to gaze all your invoices, monitor funds, keep in touch with your team and ship reminders. However Upflow doesn’t favor to exchange your present tools. As a substitute, the firm has constructed integrations with in vogue industry tools that you’re already utilizing.
As an instance, it is in all probability you’ll possibly well presumably additionally connect your Upflow myth with QuickBooks, Xero, Netsuite, Chargebee and Stripe Billing. You would possibly price your purchasers from your present invoicing platform. Upflow imports your invoices, purchasers and funds. When Upflow notices a leisurely fee, you get dangle of a notification and would possibly possibly well additionally birth sending automated or personalized emails.
The startup additionally thinks contemporary B2B fee strategies are outdated. In the U.S., too many corporations silent depend upon paper tests. In France, copying IBAN recordsdata from an e-mail to your checking myth will likely be cumbersome.
In the occasion you ship an invoice utilizing Upflow, customers salvage a hyperlink with rather a lot of fee strategies. You would possibly connect your Upflow myth with Stripe Funds to enable card funds as an instance. And the startup is slowly constructing a community of corporations which have feeble Upflow one day. 1.5 million corporations have interacted with the product — it represents over $1 billion in funds.
“We are on a mission to revolutionize the vogue that corporations salvage paid. At Upflow, we present an answer that adds connectivity and clarity to a firm’s fee and invoicing stack. Where methods have been previously closed and disconnected, Upflow’s platform permits subtle and optimistic processes,” co-founder and CEO Alexandre Louisy talked about in a press begin.
With today’s funding round, the firm plans to obtain bigger to the U.S. Upflow already has a pair of customers there, such as Lattice, Front and Adikteev, nonetheless it surely’s factual a birth. The startup will begin an space of enterprise in Original York.