OpenCFO has raised $2 million in its first institutional funding round led by Endiya Partners. The round also included several angel investors from the United States and India.
With this funding, OpenCFO plans to expand its engineering teams in both countries, speed up the development of AI agents that manage payables and receivables, and grow its customer base in key cross-border markets such as the US, India, United Kingdom, European Union, and Canada. The company aims to launch its complete AI-powered financial platform by mid-2026.
“We are not building another dashboard or point solution,” said Prudhvi Rao Shedimbi, Co-Founder and CEO of OpenCFO. “CFOs are being asked to operate with greater speed and accuracy than ever, yet the underlying finance stack remains fragmented and manual. Our goal is to build the AI-native execution layer for the CFO office that connects the entire financial stack and enables finance teams to operate with confidence across borders.”
“Mid-market companies with global operations have been underserved,” said Sateesh Andra, Managing Partner at Endiya Partners. “Consumer payment tools aren’t built for their complexity. Enterprise treasury platforms require scale they don’t have. OpenCFO is purpose-built for this segment, starting with optimized cross-border finances and expanding into the full CFO stack. We’re backing Prudhvi and Sankalp to build the financial operating system for globally distributed mid-market companies.”
OpenCFO was founded by Prudhvi Rao Shedimbi and Sankalp Singayapally. The company is developing an AI platform that helps businesses manage all their financial operations in one place, including accounts payable, accounts receivable, and treasury management.
The platform connects banking systems, ERP tools, and payment systems into a single platform. AI agents then handle financial tasks while ensuring proper approvals, compliance, and clear audit records are maintained.
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