News

FloBiz raises USD 31 mln in financing round

Tuesday 21 September 2021 11:13 CET | News

FloBiz, a startup that is building a neobank for small- and medium-sized businesses, has raised USD 31 million in a new financing round as it works to broaden its product offerings.

Sequoia Capital India and Think Investments co-led the startup’s Series B financing round. Existing investors Elevation Capital and Beenext also participated in the round, which brings FloBiz‘s all-time raise to more than USD 41 million.

The startup’s marquee offering, myBillBook, helps small- and medium-sized businesses digitise their invoicing, streamline business accounting, and automate workflows of their enterprises.

MyBillBook, which supports Hindi, Gujarati, and Tamil as well as English, will add support for ‘at least’ five more regional languages within the next six months.


Source: 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: funding, neobanks, startup
Categories: Banking & Fintech
Companies:
Countries: India
This article is part of category

Banking & Fintech






Industry Events