Growfin is a technology company.
Growfin has raised $9.0M across 2 funding rounds.
Growfin has raised $9.0M in total across 2 funding rounds.
Growfin has raised $9.0M in total across 2 funding rounds.
Growfin's investors include 2.12 Angels, 3one4 Capital, Benchmark, Mayfield, Shunwei Capital, Charlie Songhurst, Dan Ellis.
Growfin is an AI-powered accounts receivable (AR) automation software company that helps B2B finance teams streamline collections, cash application, and order-to-cash processes to reduce days sales outstanding (DSO) and improve cash flow visibility.[1][2][3] Founded in 2020 and headquartered in Marietta, Georgia, it serves sectors like supply chain, healthcare, software, and SaaS by unifying customer signals—such as payment history, communications, and disputes—into a central platform with Behavioral AI for automated workflows, predictive forecasting, and real-time insights.[1][2][3] Customers report DSO reductions from 45 to 30 days, overdue invoices dropping from 25% to 22%, and up to 40% productivity gains for sales and finance teams, with integrations like NetSuite enhancing ERP compatibility.[1][3][4]
Growfin was founded in 2020 in Marietta, Georgia, by co-founder and CEO Aravind Gopalan, who leads the company's focus on AR challenges in enterprise environments where over 50% of invoices go overdue despite existing ERP automations.[1][3] The idea emerged from recognizing fragmented customer signals across systems, prompting the development of Behavioral AI to analyze data on-the-fly for smarter collections and cash application.[2][3] Early traction included building an AI-powered AR hub, with a pivotal moment in March 2025 when Growfin achieved "Built for NetSuite" status via a SuiteApp on the Oracle NetSuite SuiteCloud Platform, enabling seamless integration and customer testimonials on simplified AR processes.[1]
Growfin rides the CFO tech stack trend of AI-driven revenue operations, addressing overdue invoices in B2B amid rising demand for cash flow optimization in volatile markets.[1][2][3] Timing aligns with post-2023 AI adoption surges in fintech, as noted in CB Insights' October 2023 market map, where AR automation counters ERP limitations for enterprises in supply chain, healthcare, and SaaS facing payment delays.[1] Market forces like economic uncertainty favor its predictive risk scoring and multi-entity reconciliation, influencing the ecosystem by enabling faster working capital cycles and collaborative tools that bridge sales, finance, and customer success—reducing churn and enhancing predictability.[2][3]
Growfin is poised for expansion through deeper ERP integrations and AI enhancements, targeting larger enterprises with features like automated remittance processing and predictive revenue analytics amid growing revops demand.[1][2] Trends like AI customer segmentation and real-time AR visibility will shape its path, potentially evolving its influence via partnerships (e.g., NetSuite) to dominate enterprise collections and set benchmarks for cash flow AI.[3] As B2B finance digitizes, Growfin's focus on behavioral insights positions it to further cut DSO industry-wide, building on its post-2025 momentum.
Growfin has raised $9.0M across 2 funding rounds. Most recently, it raised $8.0M Series A in March 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2023 | $8.0M Series A | 2.12 Angels, 3one4 Capital, Benchmark, Mayfield, Shunwei Capital, Charlie Songhurst, Dan Ellis | |
| Mar 1, 2022 | $1.0M Seed | 3one4 Capital, Dan Ellis |