Fazeshift, an AI-first platform dedicated to automating accounts receivable (AR) workflows, has secured $17 million in Series A funding that has pushed its total to $22 million. The funding round was spearheaded by F-Prime with additional investors like Gradient, Y Combinator Wayfinder Pioneer Fund, Ritual Capital, and a number of angels. The company intends to invest in product development enhancement, faster go-to-market initiatives, and broaden enterprise adoption.
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Fazeshift’s platform deploys AI agents across ERP systems, CRMs, email, and payment platforms to automate invoicing, collections, reconciliation, customer communication, and system updates. According to the company, its technology already automates over 90% of manual AR tasks. “Finance teams are still spending days reconciling a single payment across hundreds of invoices, or logging into portals over and over just to check if something has been posted,” said Caitlin Leksana, CEO and Co-Founder of Fazeshift. The company has reportedly achieved 12X revenue growth over the past year and now serves enterprise customers including Sigma Computing, Snyk, Meter, and Clipboard Health, while positioning itself toward a broader vision of autonomous finance operations.
