Valyx is a B2B financial management platform that has secured $800k in its pre-seed funding round. Waveform Ventures and Huddle Ventures led the funding round with other investors. The funding round also saw the participation of the Bharat Founders Fund and Propell Fund. The company plans to scale its operations, expand its engineering team, hire new talent for its sales team, and develop its market presence.
The startup offers a platform that automates billing, accelerates payments, and improves the cash flow for businesses. The platform provides services including cash application, rate card management, reconciliation, dispute management, usage-based billing, and collaborative receivables tracking. The company has secured over 1.5 million USD across two funding rounds since its inception, including 753k USD from LetsVentures and Bharat Founders Fund during its seed funding round. The Bengaluru startup aims to transform finance management for fast-growing businesses. The company offers a platform that provides both efficiency and security in the finance management process helping users to make faster and secure investments with wealth management. This investment shows Waveform Venture’s trust in Vaylx’s market potential and business model.
The startup claims to have processed over Rs 200 crore in accounts receivable through its wealth management platform. After this round, the institutional investor Lets Ventures holds the largest external stake in the firm. The company plans to build a full-stack AI-powered revenue management platform with B2B payments and financing. The data intelligence platform, tracxn mentioned the post-money valuation of the company around 3.63 million USD as of December 29, 2023. The startup faces competition from other B1B finance management platforms such as Bottomline Technologies, SunGard, and IoTeX.
This B2B treasury management platform aims to use some of this fund to strengthen its platform, enhance its performance capability make it more secure, and expand across the country. Valyx intends to use this amount to scale up its in-house infrastructure, hire teams for business development, and advance its technology. The development came just when this market segment saw increased investor interest. The funding round shows the trust of investors in the company’s market potential and business model. The company helps the sales and finance teams strengthen relationships with customers by automating repetitive revenue and receivable operations.
Conclusion:
Valyx is a Bengaluru-based startup offering a financial Management platform for faster and more secure financing processes. The startup got fresh capital of $800k from Huddle Ventures and Waveform Ventures. The funding round also saw the participation from other investors including Propell Fund and Bharat Founders Fund. The company plans to use this amount to hire teams for business development, expand its services, enhance its platform, and advance its technology. After this round, the existing investor Lets Ventures became the largest institution investor of the firm. The startup claims that it uses various technologies to offer its customers various financial services like cash application, and dispute management. The company faces competition from other B2B treasury management companies in the same segment including Bottomline technologies.
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