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CashFlo Secures INR 70 Cr From General Catalyst And Elevation Capital

This most recent round of funding will allow it to grow its product lines for the CFO function, invest in core technology and expand its category leadership

Finance Automation and Payments platform CashFlo announced its second round of capital raise, led by General Catalyst with participation from existing investor, Elevation Capital. Prominent angels in this round include Jitendra Gupta (Jupiter), Amrish Rau (Pine Labs), Nitin Gupta (Uni), Rangarajan K (FiveStar), Gokul Rajaram, Whiteboard Capital, Atrium Angels and Saikiran Krishnamurthy among others. Elevation had previously invested in CashFlo’s initial fundraise in 2019. 

The company has been a pioneer of dynamic discounting & dynamic vendor financing in the India market, covering the full gamut of product structures offered by banks and extending beyond digital invoice discounting, into full-suite of Finance Automation products making it the preferred partner for India’s leading corporates. 

This most recent round of funding will allow it to grow its product lines for the CFO function, invest in core technology and expand its category leadership in the Vendor Financing automation market in India.

“We are excited to back Ankur and the team at Cashflo as they help businesses across India optimize their cash management and vendor relationships. The pandemic and current macro environment are constant reminders that cash and liquidity are key indicators of business health. We have seen an acceleration in adoption of B2B payments solutions globally as businesses try to cope with volatility and believe innovative players like Cashflo face a large opportunity ahead,” said Alex Tran, Managing Director, General Catalyst.


Mridul Arora, Partner, Elevation Capital said “We're privileged to strengthen our partnership with CashFlo as they disrupt B2B payments and vendor financing in India. We are big believers in supply chain-led financial platforms, given the strong trust, scale and compounding network they are able to tap. CashFlo's growth in the past 12 months and quality of partners is testimony to the team's deep insights and ability to create win-win across stakeholders."


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CashFlo General Catalyst Elevation Capital

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