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. See more

Legal Name

:

Valorem Stack Private Limited

Headquarters

:

Bengaluru, Karnataka, India

Business Model

:

B2B 

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.

Greenoaks Capital

2.

BEENEXT

3.

Think Investments

See More