Get that cash with Growfin! This Singapore–and US–based SaaS startup makes it easy for finance departments to manage the accounts receivable process so you can get customer payments quickly. Now, they've just raised a $7.5M Series A!

• Since their launch 12 months ago, they've hit $400k in ARR and have grown customers by 8x.
• They've helped clients collect over $1B in accounts receivable.
• They have 25 customers, mainly in B2B, like Intercom, Darwinbox, Fourkites, Mindtickle and LeadSquared.
  

Investor check. SWC Global led the round. Existing investors like 3one4 Capital and other angels also joined in!

🤔 Why it matters

Most accounts receivable (AR) processes are still done through spreadsheets and in-house solutions.

• This leaves room for mistakes, slow payments and customers who don't pay at all — and a lot of hassle.
  

It's difficult, complex, manual and expensive to handle AR, especially when hiring people tends to be the solution to the time-consuming workload.

📈 That's why Growfin's here

Don't hate. Automate! You can automate personalized follow-ups for customers to remind them to pay based on customer profiles.

• You even build a prioritized worklist for collectors (like your team) with custom workflows to focus on the most important invoices to chase after.
  

Forget back-and-forth and messy comms. Streamline all the customer conversations in one place, easily loop in or escalate cases to other teams when needed and collaborate from your usual platforms like Slack!

Stay on top of it all. Track everything! Say bye to manually tracking through spreadsheets, notes and email — have all the information in one dashboard.

• Always know when to follow up. View the last follow-up, collection status, risk, amount due and time period.
• Each collector on your team gets their own dashboard with assigned customers, notifications on responses and payments and flagged cases too!
  

Get those insights. With their reporting features, you can get visibility on real-time collections and predict the future accurately — and act on these insights to get paid faster.

🔜 What's next?

The new $$$ is to accelerate expansion in the US and Asia, build more AI-based tech to level up their platform and grow their team.

• They're launching a forecasting tool to predict trends based on past payment behavior and current receivables data on Growfin.