AI-powered B2B financial management startup, Valyx, has raised $800K in a pre-seed funding round. The round was co-led by Huddle Ventures and Waveform Ventures, with notable contributions from Bharat Founders Fund and Propell Fund, which is LetsVenture’s in-house VC fund, headed by Shanti Mohan.
Valyx plans to use this new capital to build a stronger sales and engineering team. The startup aims to hire talented professionals to support its product development, focusing on expanding its revenue and receivables automation platform. The goal is to accelerate its product roadmap, enabling more businesses to benefit from its advanced financial management tools.
Valyx Mission and Services
Founded in late 2023, Valyx offers a platform designed to automate crucial financial processes for businesses. By streamlining billing, receivables, collections, and reconciliation, Valyx helps companies speed up payments, improve cash flow, and close financial processes more efficiently. The platform is equipped with features like rate card management, usage-based billing, dispute management, and collaborative receivables tracking.
Valyx automates these repetitive financial tasks, freeing up time for finance and sales teams to focus on building stronger relationships with customers and improving overall financial performance. Since its inception, the startup claims to have processed over Rs 200 crore in accounts receivable.
Founders Behind Valyx
Valyx was co-founded by Avishek Ray and Anirudh Bhargava, who bring years of experience working at top companies like Stripe, Amazon, SAP, Morgan Stanley, and Deloitte. Their deep understanding of the challenges faced by businesses in managing their revenue and receivables inspired them to create Valyx, a solution aimed at simplifying these financial operations.
Avishek Ray shared that the company’s vision is to free businesses from the burden of manual processes. Valyx eliminates the need for manual tracking through spreadsheets, follow-ups, and complicated tools. By leveraging artificial intelligence, customizable workflows, and integrations with ERP and internal systems, Valyx enables businesses to automate their billing and receivables, getting paid up to 30% faster.
Ishaan Khosla, Partner at Huddle Ventures, expressed excitement about Valyx’s potential. He believes that the platform’s solution for receivables management opens up new possibilities in cash flow management for mid-market and enterprise clients eager to streamline their manual processes.
