USA – Brightflow AI, a San Francisco, CA-based financial intelligence platform that empowers small businesses to take control of their cash flow and make data-backed decisions, raised $19m in equity funding and $100m in debt financing.
The equity portion included a $15m Series A funding round led by Haymaker Ventures, and a previously unannounced $4.2m seed round let by Bonfire Ventures. The $100m in debt financing was provided by i80 Group. The company plans to use the funding to enhance its platform, recruit talent, and provide growth opportunities to small and medium-sized businesses.Led by Robbie Bhathal, CEO and co-founder, Brightflow AI leverages AI machine learning algorithms to easily forecast sales and automate cash flow management while providing a dashboard with real-time cash flow analysis so that business owners can make strategic adjustments in real time. The system proactively and autonomously monitors a business’s finances for a fraction of the time and cost of traditional service providers. Brightflow AI integrates with many established business management platforms, including Shopify, Amazon, QuickBooks, Netsuite, Xero, Plaid, Facebook, and Google Ads. Additionally, the solution:Since the beginning of the year, Brightflow AI has unlocked more than $60 million in growth capital for customers, with more than 1,200 customer connections on its platform and over 49,000 transactions syncing daily.21/09/2022
