AI-driven B2B revenue and receivables automation platform Valyx has successfully secured $800,000 in a pre-seed funding round co-led by Huddle Ventures and Waveform Ventures. Some other notable investor participants were Bharat Founders Fund and Propell Fund.
Bengaluru-based Valyx startup was founded in 2023 with an aim to streamline financial operations for businesses by automating billing, collections and receivables management and other key processes. The fresh capital is learned to expand sales and engineering teams with respect to accelerating product development and scaling customer base.
Co-founder and CEO Avishek Ray emphasized the focus of Valyx on solving persistent pain points in financial operations. He said that they are looking ahead to free finance and sales teams from the burden of repetitive tasks like manual Excel tracking, contract management and payment follow-ups. Their AI-powered platform automates workflows and allows businesses to get paid up to 30% faster and improve financial close process as well.
Valyx offers a comprehensive range of features such as rate card management, usage-based billing, cash application, reconciliation, dispute management and collaborative tracking of receivables. The platform integrates with ERP, payment systems and internal tools seamlessly. It is an essential solution for mid-market and enterprise clients.
Valyx has processed more than Rs 200 crore in accounts receivable since its inception this highlights its impact on businesses seeking to optimize cash flow and reduce the complexities of manual financial processes.
Ishaan Khosla, Partner at Huddle Ventures, said the approach of Valyx to receivables management unlocks significant opportunities within the broader cash flow management space. Their growth prospects are promising and mid-market clients are eager to adopt their solution in optimizing their collections workflow.
Seasoned founders Avishek Ray and Anirudh Bhargava said the startup is poised to drive innovation in financial automation. They have a deep understanding of the challenges faced by finance teams.
