ZenStatement, an innovative finance automation platform powered by artificial intelligence, has secured $1.6 million in seed funding to fuel its growth and expansion.
The funding round was led by 3One4 Capital and Boldcap VC, with additional support from Dynamis Ventures and Atrium Angels.
Founded in 2023 by Sourabh Nolkha and Ankit Narsaria, ZenStatement is making waves in the finance automation space by providing advanced cash flow management and financial analytics solutions. The platform leverages AI to streamline financial processes, offering businesses valuable insights into their cash flow and helping them optimize, monitor, reconcile, and forecast financial transactions with ease.
The newly raised capital will be used to enhance ZenStatement’s product offerings and bolster its sales and marketing teams. With a focus on expanding its footprint in India and exploring global markets, the company is gearing up for rapid growth.
Formerly known as SimpliFin, ZenStatement has already attracted a diverse clientele from sectors such as digital commerce, retail, and FinTech. Currently, the platform handles approximately 10 million transactions each month, showcasing its scalability and efficiency.
Co-founder and CEO Sourabh Nolkha emphasized the platform’s transformative impact on finance teams. “ZenStatement automates the entire finance workflow, enabling teams to focus on higher-value tasks that drive business growth. Our technology is streamlining finance operations, and we’re excited to accelerate the digital transformation of finance departments across industries,” he said.
With its cutting-edge AI-driven tools, ZenStatement is positioned to revolutionize the way businesses manage their finances, driving greater efficiency and productivity in an increasingly competitive landscape.
