Cash management — tracking who needs to pay an invoice and whether it’s been done — can make or break a business. Now, a startup building SaaS software to help finance departments manage this more intelligently is announcing some funding to expand after seeing strong demand.
Growfin, a Singapore- and San Francisco–based fintech startup that provides SaaS for finance departments to track and collect payments and to help manage the accounts receivable process, has raised a $7.5 million Series A. The company plans to use this funding to continue expanding in the U.S. and Asia, and to double down on building more AI-based technology to expand its platform. Next up: a forecasting tool that predicts trends “based on past payment behavior and current receivables data through Growfin.”
Singapore’s SWC Global led the funding round with participation from existing backers 3one4 Capital and angel investors. T...
