January 8, 2025
San Francisco-Based Fintech Startup Fazeshift Raises $4M Seed Round to Transform Enterprise Financial Workflows with AI
San Francisco, California, United States –
Fazeshift, a developer of an AI-driven invoice and financial management platform, has secured $4M in seed funding. The funding round, completed on January 7, 2025, was led by Gradient Ventures, Google’s early-stage AI fund, with participation from Y Combinator, Wayfinder Ventures, Pioneer Fund, Ritual Capital, Phoenix Fund, and angel investors Terrence Rohan, Kulveer Taggar, and Richard Aberman. The fresh capital will support Fazeshift’s mission to automate accounts receivable (AR) processes for businesses.
About Fazeshift
Founded in 2023, Fazeshift specializes in transforming manual AR tasks such as invoicing, payment reconciliation, and overdue payment management into automated workflows. Unlike traditional robotic process automation (RPA), Fazeshift’s platform leverages advanced large language models (LLMs) to navigate complex financial workflows with greater accuracy and adaptability. This innovative approach caters to the specific needs of enterprise finance teams, offering enhanced efficiency and flexibility.
With its platform already in use by large enterprise clients, Fazeshift aims to replace manual AR processes that typically require entire teams, thereby significantly reducing operational costs and improving financial accuracy. By eliminating tedious back-office tasks, the company enables businesses to focus on strategic priorities.
Purpose of financing
The newly raised funds will be directed towards accelerating product development, expanding AI capabilities, and scaling customer acquisition efforts. Fazeshift plans to enhance its platform’s ability to manage more complex workflows and onboard additional enterprise clients.
CEO’s Insights
Fazeshift CEO and co-founder Caitlin Leksana, said:
“We are seeing AI agents that can reason, perform human-like tasks, and handle nuanced business applications. The opportunity for transformation in AR is massive, and this funding allows us to accelerate our product development and customer acquisition efforts. Eventually, all tedious and manual back-office tasks will be eliminated.”
Investor Perspective
Gradient managing partner Darian Shirazi commented:
“The B2B payments stack is being completely reinvented since AI agents have become more mainstream. Finance teams at companies large and small typically struggle with monthly reconciliation and collecting overdue invoices. These processes are manual and tedious. We’re excited to partner with the Fazeshift team as they streamline finance processes while still giving significant customization and visibility to finance operations teams.”
Conclusion
With this funding, Fazeshift is poised to redefine financial management for enterprises, helping businesses achieve greater operational efficiency and innovation in their AR processes.
For more information, visit Fazeshift on LinkedIn.