Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » AI-powered platform Fazeshift secures $4M for AR automation
    AI
    AI
    Fintech

    AI-powered platform Fazeshift secures $4M for AR automation

    By g.ge@btw.mediaJanuary 8, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Fazeshift raises $4 million in seed funding led by Gradient and Y Combinator.  
    • The company uses AI to automate accounts receivable processes for enterprises.  

    What happened: Fazeshift raises $4M to revolutionise accounts receivable processes  

    Fazeshift, an AI-powered platform revolutionising accounts receivable (AR) automation, has raised $4 million in a seed funding round. The round was led by Gradient, Google’s AI-focused venture fund, with contributions from prominent investors including Y Combinator, Wayfinder, Pioneer Fund, Ritual Capital, Phoenix Fund, and notable angels like Terrence Rohan and Rich Aberman.

    Fazeshift aims to reshape AR processes by eliminating manual workflows through the application of AI agents, significantly improving efficiency and accuracy.  

    The platform uses advanced large language models (LLMs) to automate complex financial tasks such as invoice generation, payment reconciliation, and overdue payment follow-ups. Unlike traditional robotic process automation (RPA), Fazeshift’s solutions are highly adaptable, catering to the specific needs of enterprise finance teams.

    The company plans to use the fresh funding to expand its AI capabilities, accelerate product development, and scale its customer acquisition efforts. CEO Caitlin Leksana has expressed a bold vision of eradicating tedious back-office tasks entirely, describing the opportunity for transformation in AR processes as “massive.”    

    Also read: AI automation affects job prospects in Latin America
    Also read: The benefits of AI automation

    Why it’s important  

    The AR sector is critical for ensuring timely cash flow and financial stability within organisations. However, traditional AR processes are often laborious and error-prone, requiring significant human intervention.

    Fazeshift’s AI-driven approach addresses these inefficiencies, streamlining tasks for large enterprise clients that previously required entire teams. This development signifies a shift in how businesses handle core financial functions, reducing costs and improving accuracy.  

    Industry experts highlight that Fazeshift’s use of large language models sets it apart, enabling the platform to navigate complex workflows with unparalleled flexibility. Gradient’s Darian Shirazi emphasises the widespread struggle among finance teams to manage overdue invoices and reconciliation.

    By automating such tasks, Fazeshift not only reduces manual effort but also provides customisation and transparency. This funding marks an important step toward the broader adoption of AI in back-office operations.  

    AI automation Fazeshift fintech funding Gradient
    g.ge@btw.media

    Grace is an intern reporter at BTW Media,having studied Journalism Media and Communiations at Cardiff University.She specialises in wiritng and reading.Contact her at g.ge@btw.media.

    Related Posts

    ICANN’s quiet power grab: ICP-2 compliance document raises alarms amid AFRINIC crisis

    July 15, 2025

    UEMOA integration body for West Africa

    July 15, 2025

    First Capital Bank Malawi: Modern banking for growth

    July 15, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.