Neofin raises $7M Seed funding to enhance AI-powered accounts receivable platform

Neofin is revolutionizing the accounts receivable process by leveraging AI, automation, and data-driven insights to help finance teams reduce manual workloads and improve cash recovery rates.

Neofin raises $7M Seed funding to enhance AI-powered accounts receivable platform
Source: Neofin

Company name: Neofin
Location: São Paulo, Brazil
Industry: Accounts Receivable

Funding details:

  • Amount: $7M (Seed round)
  • Investors:
    • Lead: Quona, Upload Ventures
    • Participants: 17-Sigma, 1616, Far Out Ventures, BFF, Norte, Canaan
    • Angel Investors: Cesar Carvalho, Patrick Sigrist

Purpose of investment:

  • Develop new platform features, including:
    • Renegotiation portal for improved debtor interactions
    • CRM for Accounts Receivable to streamline AR workflows
    • AI-based LLM integration with WhatsApp for automated debtor communication (both businesses and individuals)

Leadership:

Product:
Neofin provides an AI-powered SaaS platform for accounts receivable, transforming AR workflows into a data-driven, automated process that improves efficiency and cash recovery.

Key features:

  • Seamless ERP and banking integrations across Brazil
  • Automated debtor communications using AI-powered WhatsApp integration
  • Enhanced cash recovery through data-driven workflow automation
  • Serasa partnership for integrated credit analysis and bureau reporting

About the company:
Founded in 2023, Neofin is revolutionizing the accounts receivable process by leveraging AI, automation, and data-driven insights to help finance teams reduce manual workloads and improve cash recovery rates.

Future plans:
With this funding, Neofin will expand its AI-driven capabilities, refine its CRM and renegotiation tools, and strengthen integrations with financial institutions to optimize AR management for businesses.

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