Fintech platform Brightflow AI integrates simply with established monetary platforms to empower small companies and supply real-time money stream evaluation
SAN FRANCISCO, Sept. 21, 2022 /PRNewswire/ —Â Brightflow AI, a monetary intelligence platform that empowers small companies to take management of their money stream and make data-backed choices, right this moment introduced over $19 million in whole funding, a $15 million Collection A led by Haymaker Ventures, and a beforehand unannounced $4.2 million Seed spherical let by Bonfire Ventures. The corporate additionally introduced $100 million in debt financing accessible from i80 Group. With over $19 million in whole funding raised so far, the corporate plans to make use of the funding to boost its platform, recruit top-tier expertise, and extra quickly present development alternatives to small and medium-sized companies.
Brightflow AI seeks to demystify finance for the on a regular basis proprietor, with an preliminary deal with e-commerce. At this time, 82% of small companies fail attributable to money stream problems, in accordance with a examine by U.S. Financial institution. Brightflow AI prevents small enterprise homeowners from being blindsided by their funds. Utilizing AI machine studying algorithms, the platform can simply forecast gross sales and automate money stream administration whereas offering a dashboard with real-time money stream evaluation in order that enterprise homeowners could make strategic changes in actual time.
“Brightflow AI is the trusted advisor small enterprise homeowners can depend on,” stated Robbie Bhathal, CEO and co-founder of Brightflow AI. “Our resolution gives equitable entry to the monetary assets small companies must succeed, enabling enterprise homeowners to handle alternatives and challenges extra successfully.”
The COVID-19 pandemic introduced many difficulties for small companies, with forecasts altering in unpredictable methods in comparison with earlier years. The continued risk of provide chain points, vitality sector volatility, and political unrest has compelled small companies to extra carefully monitor their stability sheets, deal with money stream administration, and improve their working capital reserves. Brightflow AI proactively and autonomously displays a enterprise’s funds for a fraction of the time and price of conventional service suppliers. This leads to important value and time discount for the enterprise proprietor.
To additional help small companies, Brightflow AI has raised $100 million in debt financing to offer qualifying companies with entry to capital throughout these risky, high-interest-rate instances.
Brightflow AI integrates simply with many established enterprise administration platforms, together with Shopify, Amazon, QuickBooks, Netsuite, Xero, Plaid, Fb, and Google Adverts. With Brightflow AI, statistical forecasting is automated; seasonality, holidays, and advertising and marketing expenditures are accounted for, and additive impacts are supplied.
Moreover, the answer:
- Offers real-time visibility into money stream, 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 stream forecasts by consolidating many various excel sheets in favor of an easy-to-read dashboard with all the corporate’s monetary data.
- Customizes paid merchandise to suit a enterprise’s actual wants.
- Encrypts and protects all of its information, in order that buyer data and monetary paperwork stay confidential.
Because the starting of the yr, Brightflow AI has unlocked greater than $60 million in development capital for purchasers, with greater than 1,200 buyer connections on its platform and over 49,000 transactions syncing every day.
“We spend money on firms that we all know can remodel industries,” stated Mark Mullen, co-founder of Bonfire Ventures. “With Brightflow AI, companies have the monetary visibility and assets they should unlock extra capital to remain afloat and forward, particularly throughout these risky financial instances. Robbie and his staff have not misplaced a staff member since they began rising the corporate, and I imagine that speaks volumes to the tradition and enterprise that he and his staff are constructing.”
Brightflow AI’s newest funding spherical will go in direction of recruiting top-tier expertise and persevering with to boost its fintech platform. To study extra, go to: https://www.brightflow.ai
About Brightflow AI
Brightflow AI is the one fintech platform empowering small enterprise homeowners to take management of their money stream. Brightflow AI affords a contemporary monetary toolkit to present on a regular basis enterprise homeowners real-time visibility into their money stream, income, demand forecast, profitability, return on advert spend (ROAS), and buyer lifetime worth (LTV) information. Brightflow AI helps qualifying firms unlock capital to fund their development. Supported by a full-service staff of knowledge scientists, monetary analysts, and engineers, Brightflow AI seamlessly integrates omnichannel monetary information to present e-commerce enterprise homeowners the monetary assets they should succeed. Brightflow AI is backed by traders corresponding to Haymaker, SBI Group, Bonfire Ventures, Greycroft, Home Fund, Skydeck, New Fund, and Lynette Capital. To study extra, go to www.brightflow.ai.
SOURCE Brightflow AI
