Paraglide, a cutting-edge AI platform designed for accounts receivable (AR), has successfully secured a $5 million seed funding round, co-led by Bessemer Venture Partners and DN Capital, with involvement from Born Capital and The Nordic Web Ventures. This capital will primarily fuel Paraglide’s expansion into European markets. The platform is tailored for mid-market and enterprise B2B finance organizations, utilizing AI agents for two-way billing communication throughout the AR lifecycle. Unlike traditional AR tools that send ignored, one-way reminders, Paraglide’s AI agents engage customers in personalized conversations, addressing billing inquiries, chasing overdue invoices, and ultimately reducing Days Sales Outstanding (DSO) to enhance cash flow. Clients like Choco and Ardoq have reported a 34% DSO reduction within a week of onboarding. CEO Rasmus Areskoug emphasizes the transformative potential of AI in AR, promising significant efficiency gains for finance teams.
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