Mumbai, India
CashFlo, established in 2019, is positioned as India’s only integrated accounts payable (AP) automation and supply chain financing platform. With the slogan "The AP Automation & Payments Platform For Large Indian Businesses," the startup aims to revolutionize financial operations in Indian enterprises, thereby unlocking significant financial potential for millions of businesses across the region.
The company stands out due to its award-winning platform, honored as the Supply Chain Finance solution of the year for three consecutive years from 2019 to 2021. Targeting both large enterprises and SMEs, CashFlo caters to over 50 large enterprises and 200,000 mid-market companies across diverse sectors. Their high-profile clients include Mosaic Wellness, The Souled Store, and larger corporations such as ITC and Zydus Healthcare.
The startup has secured a significant $8.70M Series B investment as of September 2022, backed by prominent investors like General Catalyst, Elevation Capital, and a roster of strategic individuals including Gokul Rajaram and Jitendra Gupta. This financial endorsement reflects strong investor confidence in CashFlo's potential to transform payment ecosystems for Indian businesses.
