FloBiz is building a neobank for small- and medium-sized businesses in the South Asian market.
Basic Information
FloBiz’s marquee offering — called myBillBook — helps small- and medium-sized businesses digitize their invoicing, streamline business accounting, and automate workflows of their enterprises. It is a complete GST billing and accounting solution designed exclusively for the aspirational SMB owners. myBillBook, which supports Hindi, Gujarati and Tamil as well as English, will add support for five more regional languages within the near future. With over a million monthly active users, SMBs now record over $1 billion worth of transactions on myBillBook every month. In September 2021, the startup raised $31 million in Series B round led by Sequoia Capital India, Think Investments and its existing investors Elevation Capital and Beenext.
Legal Name
:
Valorem Stack Private Limited
Headquarters
:
Bengaluru, Karnataka, India
Business Model
:
Founding Date
:
2019
No. of Employees
:
101 to 150
Core Team
:
1.
Rahul Raj
Co-Founder & CEO
2.
Rakesh Yadav
Co-Founder & CTO
3.
Aditya Naik
Co-Founder & CBO
Funding
Total Funding
$44.0M
Investors
:
1.
Elevation Capital
2.
Think Investments
3.
BEENEXT
4.
Greenoaks Capital
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