B2B financial management startup Valyx raises $800,000 in a pre-seed round

Valyx, an AI-powered B2B revenue & receivables automation platform, has raised $800,000 in a pre-seed funding round.

The round was co-led by Huddle Ventures and Waveform Ventures, with participation from notable investors, including Bharat Founders Fund and Propell Fund (LetsVenture’s in-house VC fund led by Shanti Mohan).

The startup plans to allocate the raised capital to attracting and onboarding exceptional talent for its sales team and expanding its engineering team to accelerate its product roadmap.

What does Valyx do?

Founded in late 2023, Valyx automates billing and receivables, which helps businesses accelerate payments, expedite financial close, and improve cash flow. 

The startup's comprehensive feature set includes rate card management, usage-based billing, collections, cash application, reconciliation, dispute management, and collaborative receivables tracking.

By automating these repetitive, yet critical, revenue and receivables tasks, It enables finance and sales teams to focus on building stronger relationships with buyers.

The startup claims to have processed more than Rs 200 crore in accounts receivable since its inception.

Who are the founders?

The Bengaluru-based startup was founded by Avishek Ray and Anirudh Bhargava, who bring extensive expertise in revenue automation, receivables management and business payments.

While working at industry giants like Stripe, Amazon, SAP, Morgan Stanley, and Deloitte, the founders gained firsthand insight into the complex challenges faced by finance and sales teams. This understanding of industry pain points made them launch Valyx to solve critical financial operations challenges.

“At Valyx, we're addressing a critical pain point in financial operations. Many businesses, regardless of their size or complexity, struggle with time-consuming, repetitive tasks in managing their revenue & receivables," said Avishek Ray.

"Our vision is to liberate finance and sales teams from these daily burdens. We're eliminating the need for manual Excel to track contracts & calculate usage, manual follow-ups, tedious bank statement downloads, and the frustration of searching through multiple tools, emails, and sheets to identify which customers require attention. By leveraging artificial intelligence, customisable workflows, and integrations with ERP, payments and internal systems, Valyx automates the billing & receivables flow. Our platform enables businesses to get paid up to 30% faster and close their books more efficiently," Ray added.

Ishaan Khosla, Partner, Huddle Ventures, said, “Solving for receivables management opens up an entire world of possibilities within the cash flow management suite for Valyx. Mid-market and enterprise clients are eager to optimise their manual collections workflow with Valyx, and we're excited about their growth journey from hereon.”