Brightflow AI, a San Francisco, CA-based monetary intelligence platform that empowers small companies to take management of their money move and make data-backed choices, raised $19m in fairness funding and $100m in debt financing.
The fairness portion included a $15m Collection A funding spherical led by Haymaker Ventures, and a beforehand unannounced $4.2m seed spherical let by Bonfire Ventures. The $100m in debt financing was supplied by i80 Group.
The corporate plans to make use of the funding to boost its platform, recruit expertise, and supply progress alternatives to small and medium-sized companies.
Led by Robbie Bhathal, CEO and co-founder, Brightflow AI leverages AI machine studying algorithms to simply forecast gross sales and automate money move administration whereas offering a dashboard with real-time money move evaluation in order that enterprise house owners could make strategic changes in actual time. The system proactively and autonomously displays a enterprise’s funds for a fraction of the time and value of conventional service suppliers.
Brightflow AI integrates with many established enterprise administration platforms, together with Shopify, Amazon, QuickBooks, Netsuite, Xero, Plaid, Fb, and Google Advertisements.
Moreover, the answer:
- Supplies real-time visibility into money move, income forecasting, demand forecasting, return on advert spend (ROAS), buyer lifetime worth (LTV), and profitability with out ready for a enterprise’s books to shut.
- Delivers money move forecasts by consolidating many alternative excel sheets in an easy-to-read dashboard with all the corporate’s monetary data.
- Customizes paid merchandise to suit a enterprise’s precise wants.
- Encrypts and protects all of its knowledge, in order that buyer data and monetary paperwork stay confidential.
For the reason that starting of the yr, Brightflow AI has unlocked greater than $60 million in progress capital for purchasers, with greater than 1,200 buyer connections on its platform and over 49,000 transactions syncing day by day.