# CashFlo: Financial services, Mumbai, India

> CashFlo: CashFlo is a fintech company based in India, specializing in integrated Accounts Payable (AP) automation and supply chain financing.

Source: https://millionrounds.com/startup/cashflo (Millionrounds; every figure on the page links to its filing or article)

India · [Financial services startup](https://millionrounds.com/companies)

# CashFlo

CashFlo is a fintech company based in India, specializing in integrated Accounts Payable (AP) automation and supply chain financing.

Funding reported Last round: Series B

Financial services Mumbai, India

Company summary

- **Founded:** 2019 7 years old
- **Team:** 130 51 to 200 people
- **Funding reported:** 12.1M as listed, currency not stated
- **Last round:** Series B Sept 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for CashFlo has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About CashFlo

CashFlo is a fintech company based in India, specializing in integrated Accounts Payable (AP) automation and supply chain financing.

Founded in 2019 by Ankur Bhageria and Dushyant Agarwal, the company is headquartered in Mumbai and operates under the legal name Valor Innovations Pvt Ltd. CashFlo aims to enhance financial access for Indian businesses by providing timely, collateral-free short-term credit. The platform connects corporates, suppliers, and financial institutions in a unique online marketplace. It offers a range of cloud-enabled solutions, including invoice processing, vendor onboarding, dynamic vendor financing, and cash flow management. CashFlo serves a diverse customer base, including large corporates and small businesses, facilitating access to affordable funding and optimizing working capital. With over 300,000 suppliers and 1,200 corporate clients, CashFlo is addressing a significant opportunity in the SME credit market in India. The company has received recognition for its innovative solutions, winning the Supply Chain Finance Solution of the Year award in 2019 and 2020.

## What company datasets say CashFlo raised

Funding, as reported

Reported in all **12.1M** in the source's currency

Rounds **2**

Last round **Series B**

Last round size **8.7M**

Last round date **Sept 2022**

Investors listed **12**

## Founders and team

From CashFlo's own website: 1 founder, 2 on the team.

**Dhyanesh Shah** Co-Founder

- **Rajendran Aruanchalam** Group CFO
- **Ramesh Iyer** CFO

## On a portfolio page

Investors who name them

- [White Venture Capital](https://millionrounds.com/fund/white-venture-capital)

Each firm lists CashFlo on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

erp integration spend analysis early payments logistics digital payments consumers erp integrations unutilized bank line management real-time data distribution compliance checks computer & network security enterprises compliance software error reduction invoice processing information technology & services

Built with from their website

Airtable GitHub Actions Azure Devops Docker H2O Amazon SES Amazon DynamoDB Google Tag Manager Naukri GitLab CI/CD

+8 more

Amazon CloudFront OneTrust Tech Risk & Compliance Google Sheets Freshteam by Freshworks REST ACL HTTP/2 Salesforce CRM Analytics

- **Sector:** Financial services
- **Industry code:** NAICS 54151, 513210, 522320, SIC 7375
- **Region:** Maharashtra
- **Revenue:** 26.3M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/cashflo)

## Financial services in India

Startups like it

- [**KreditBee** Bengaluru · founded 2018 *Raised*](https://millionrounds.com/company/kreditbee)
- [**CoinDCX** Mumbai · founded 2018 *Raised*](https://millionrounds.com/company/coindcx)
- [**Navi** Bengaluru · founded 2018 *Raised*](https://millionrounds.com/company/navi)
- [**Scapia** Bengaluru · founded 2022 *Raised*](https://millionrounds.com/company/scapia)
- [**Khatabook** Bengaluru · founded 2018 *Raised*](https://millionrounds.com/company/khatabook)
- [**KredX** Bengaluru · founded 2015 *Raised*](https://millionrounds.com/company/kredx)
- [**Turtlemint** Mumbai · founded 2015 *Raised*](https://millionrounds.com/company/turtlemint)
- [**Upstox** Mumbai · founded 2009 *Raised*](https://millionrounds.com/company/upstox)

## Is this your company?

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