In its pre-seed funding round, which was co-led by Huddle Ventures and Waveform Ventures, B2B financial management platform Valyx raised $800K. Propell Fund, LetsVenture’s internal venture capital fund headed by Shanti Mohan, and Bharat Founders Fund were among the prominent investors who took part in the round.
In order to expedite the company’s product roadmap, the money raised will be utilized to expand the engineering team and recruit and onboard new employees for the sales team.
Established in the latter part of 2023, Valyx streamlines billing and receivables, hastening payments, hastening financial closure, and enhancing cash flow for enterprises. Among its services are cash application, rate card management, usage-based billing, collections, reconciliation, dispute resolution, and cooperative receivables tracking.
By automating these essential but repetitive revenue and receivables operations, Valyx enables finance and sales teams to focus on building stronger relationships with buyers.
According to the startup, it has handled accounts receivable worth over Rs 200 crore.
In the following two years, Valyx intends to develop a full-stack AI-powered revenue management platform that handles financing and B2B payments.
