Funding Details
- Awarder
- YCombinator
- Date Award
- May 20, 2024
- Vertical
- B2B,Finance and Accounting
- Funding URL
- View Funding Page
- Valuation
-
$0
Company Info
- Founding Year
- 2024
- Company Description
- Fazeshift is automating Accounts Receivable. Once a sales contract is signed, we handle the rest. We generate invoices from contract terms, send invoices, match payments, and manage collections. What used to take teams of people and hours of manual work can now be fully automated with Fazeshift. Basically, we help businesses get paid.
Caitlin and Timmy met while getting their MBA at Harvard. After graduating, they started a B2B marketing software startup, which is where they first experienced how much manual work was required to get paid.
The problem stems from fragmented data across software platforms like QuickBooks, Stripe, NetSuite, DocuSign, HubSpot, and Salesforce. Fazeshift’s infrastructure connects the data across these software platforms and uses LLMs to automate the previously manual workflow.
With 500 billion invoices sent annually, Accounts Receivable is a huge problem. Once we tackle Accounts Receivable we can expand into other financial workflows to become the automated financial infrastructure for businesses.
- Market
- B2B
- Location
-
San Francisco,
CA,
USA
- Coinvestors
- YCombinator
Links