Fintech startup CashFlo raised $8.7 million from General Catalyst and Elevation Capital where angels investors including Jitendra Gupta from Jupiter, Amrish Rau from Pine Labs, Nitin Gupta from Uni, Rangarajan K from Five Star, Gokul Rajaram, Whiteboard Capital, Atrium Angels and Saikiran Krishnamurthy also participated.
CashFlo is a platform for vendor discounts and financing. The startup assists businesses in automating their finance processes and better managing their cash flows. CashFlo plans to invest the funds in core products and technology. Furthermore, the new funding will be used to expand its market leadership in the enterprise segment. CashFlo provides buyers with credit solutions such as treasury and working capital optimisation in order to strengthen a brand’s supply chain network. It also provides suppliers with invoice discounting services.