Moonflow raises $1.74M in seed round

Moonflow raised $1.74M in a seed round led by TheVentureCity. Salkantay Ventures, Amador Holdings, and Morro Ventures also participated. This funding follows Moonflow’s pre-seed round in October 2023, bringing total funding to $2.5M.

Moonflow will use the funding to accelerate product development and enhance its collections platform.

“Facundo and the Moonflow team have demonstrated exceptional ability to innovate and execute their vision. We are excited to participate and help them change receivables management for businesses worldwide,” said Andrés Dancausa, General Partner at TheVentureCity.

Moonflow’s software automates accounts receivable management. It serves fintechs, financial companies, and any business with over 100 accounts receivable each month.

“Our software represents a transformative shift in how companies manage their accounts receivable. The levels of cost efficiency and improvement in key metrics were unimaginable before Moonflow,” said Facundo Turconi, Moonflow’s CEO and Co-Founder.

Founded in 2023, Moonflow has customers in 22 countries and aims to reach 1,000 corporate customers. Companies in various sectors such as utilities, goods and services, education, healthcare, and real estate already use Moonflow to improve their collections.