Brightflow AI, Inclined and Remofirst
A handy summary of the recent funding efforts of fintech companies across the US.
Brightflow AIa fintech platform that allows small businesses to control their cash flows and make data-driven decisions has increased 19 million dollars in financing.
Brightflow AI raises $15 million in Series A
It consists of a $15 million Series A led by Haymaker Ventures and a previously unannounced $4.2 million seed round led by Bonfire Ventures.
Brightflow has also secured USD 100 million in debt financing from i80 Group. With the new funds, the company plans to further develop its platform, recruit more employees and provide more growth opportunities for small and medium-sized enterprises (SMEs).
Using AI and machine learning, Brightflow’s platform can predict sales, automate cash flow management and provide real-time cash flow analytics “at a fraction of the time and cost” for business owners.
It also integrates with established business management platforms including Shopify, Amazon, QuickBooks, Netsuite, Xero, Plaid, Facebook and Google Ads.
This year, the firm claims to have unlocked more than $60 million in growth capital for clients.
Prone technologies has closed one 15 million dollars Series A funding round led by HSCM Ventures, with participation from Anthemis Group and several new and existing investors.
The new funds will be used to support their marketing and business development teams, as well as evaluate tangential opportunities for expansion.
Headquartered in California and founded in 2020, Inclined is a Software-as-a-Service (SaaS) platform focused on achieving better long-term outcomes for whole life policyholders.
“Our mission is to help people get more value out of their lifetime investment while transforming an industry poised to take advantage of modern technology,” the firm says.
“With this capital, we will continue to improve the way people access the equity they’ve built in their whole life policies, while serving as a trusted technology partner for life insurance companies and financial institutions across the United States,” said Inclined CEO and co-founder Joshua Wyss .
Remove first have raised 14.1 million dollars in a seed round led by Mouro Capital and QED Investors with participation from Counterpart Ventures.
Founded in 2021 by Nurasyl Serik and Volodymyr Fedoriv, Remofirst helps companies build global remote teams in 150 countries by allowing them to hire talent in countries where they do not have an office.
Remofirst’s services include onboarding, payroll, benefits, taxes and local compliance.
The startup landed a $275,000 pre-seed round in early 2021 and claims to have become fully profitable in less than a year.
Remofirst recently expanded its leadership team with key industry hires and plans to announce its latest product update by the end of the year.
