ZenStatement, an innovative AI-powered finance automation and cash flow management platform, has successfully raised $1.62 million in its seed funding round. The investment round was led by 3One4 Capital and Boldcap VC, with additional participation from Dynamis Ventures and Atrium Angels.
The funding also saw contributions from prominent angel investors and industry veterans, including Michael Boyd, Chetan Venugopal, Ankit Nagori, Kulin Shah, Ankit Fatehpuria, and Sujayath and Navaneeth, further highlighting ZenStatement’s growing credibility in the financial technology space.
The fresh capital infusion will play a crucial role in expanding ZenStatement’s product offerings and building a solid sales and marketing infrastructure to accelerate its presence across both domestic and international markets.
About ZenStatement
Founded in 2023 by Sourabh Nolkha and Ankit Narsaria, ZenStatement, previously known as SimpliFin, has quickly emerged as a trusted platform for businesses to streamline their financial processes.
The platform enables seamless monitoring, optimization, reconciliation, and forecasting of cash flows using cutting-edge AI technology. With its natural language query feature, ZenStatement allows businesses to easily extract valuable financial insights, simplifying decision-making and enhancing operational efficiency.
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Despite being operational for just a year, ZenStatement has made significant strides, boasting an impressive client roster that includes unicorns and prominent companies in the digital commerce, retail, and fintech sectors.
The platform processes approximately 10 million transactions per month, translating to an annual volume of 60 million transactions, reflecting its rapid adoption and scalability.
