Huddle Ventures and Waveform Ventures co-led the $800K pre-seed fundraising round for B2B financial management platform Valyx. Notable investors Bharat Founders Fund and Propel Fund—LetsVenture’s internal venture capital fund run by Shanti Mohan—participated in the round as well.
The money raised will go toward growing the technical team in order to expedite the company’s product roadmap and recruiting and onboarding new employees for the sales team.
Valyx, which was founded in late 2023, automates billing and receivables, speeding up financial close, enhancing cash flow for companies, and accelerating payments. Rate card administration, usage-based billing, cash application, reconciliation, dispute resolution, and cooperative receivables tracking are some of the services it provides.
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“Our immediate focus is on team building and accelerating our product road map,” says Ray. “Our target is to manage $1 billion in receivables within the next 18-24 months. Our vision is to evolve Valyx into a full-stack AI-powered revenue management platform that not only automates billing and accelerates receivables but also optimises the entire cash flow cycle for businesses.”
Avishek Ray and Anirudh Bhargava, revenue automation, receivables management, and company payments experts, founded the startup. The pair worked at Stripe, Amazon, SAP, Morgan Stanley, and Deloitte. Valyx will grow with the funding, they argue.
By automating these vital but tedious revenue and receivables processes, Valyx enables finance and sales teams to focus on building stronger relationships with customers.
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The firm states that it has handled accounts receivable totaling more than Rs 200 crore. Valyx intends to develop a full-stack AI-powered revenue management platform with B2B finance and payments over the course of the following two years.
According to Valyx, its four main goals of automating billing, speeding up receivables, accelerating financial close, and optimizing cash flow would enable organizations. The business plans to develop a full-stack AI-powered revenue management platform with B2B payments and financing over the course of the following two years.
About Valyx
Valyx simplifies and compliantly manages receivables, collections, and books-close. Fast deployment, powerful growth. currently just starting to make finance teams efficient.
