News

Indian fintech Finly raises money from Gemba Capital, AngelList

Tuesday 24 December 2019 10:30 CET | News

India-based fintech Finly, which automates accounts payable for SMEs, has raised a fresh funding round from Social Capital, AngelList India.

Among the funding companies also count Gemba Capital, Omphalos Ventures, and 91springboard via Atal Innovation Mission and Niti Aayog. The startup said it will be using the funds to expand product offerings with a focus on enhancing the intelligence layer and to handle the next phase of growth.

Finly is a SaaS product that automates accounts payable by streamlining the flow of data between the banking and accounting system. With an integrated suite of 12 modules, it helps CFOs set up their governance framework, which helps in reducing costs and risks while boosting control and compliance.  The startup incorporates all workflows as per business needs to manage vendors, employee reimbursements, and related payment agreements while keeping the accounting system updated in real-time.


More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Finly, Social Capital, AngelList India, Gemba Capital, Omphalos Ventures, 91springboard, AP automation, funding round, India, Asia, APAC, accounts payable
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: India
This article is part of category

Banking & Fintech