ZenStatement, an AI-powered finance automation and cashflow management platform, has raised $1.62 million in a Seed round led by 3One4 Capital and Boldcap VC, with participation from Dynamis Ventures and Atrium Angels. The round also saw contributions from notable angel investors and business leaders, including Michael Boyd (ex-Global Treasury Head, Apple), Chetan Venugopal (Founder, Pierien Services), Ankit Nagori (Founder, EatFit), Kulin Shah (Founder, Onsurity), Ankit Fatehpuria (Founder, Zetwerk), and Sujayath and Navaneeth (Founders, Shop-up and Voonik).

The fresh capital will be utilized to enhance Zen product offerings and build a robust sales and marketing engine to support its expansion in India and international markets.

Founded in 2023 by Sourabh Nolkha and Ankit Narsaria, Zen Statement (formerly known as SimpliFin) provides businesses with seamless tools to monitor, optimize, reconcile, and forecast cash flows, powered by AI-driven natural language queries. The platform delivers actionable financial insights, simplifying finance management for businesses of all sizes.

In just 12 months of operation, Zen Statement has attracted a customer base that includes unicorns and top businesses across sectors like digital commerce, retail (including F&B), and fintech, processing 10 million transactions (approximately $60 million) each month.

 

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