AI luminous fluxa San Francisco, Calif.-based financial intelligence platform that empowers small businesses to take control of their cash flow and make data-driven decisions, raised $19m in equity and $100m in debt financing.
The equity portion included a $15 million Series A funding round led by Haymaker Ventures and a previously unannounced $4.2 million seed round by Bonfire Ventures. Debt financing of $100 million was provided by i80 Group.
The company plans to use the funding to improve its platform, recruit talent and provide growth opportunities for small and medium-sized businesses.
Led by Robbie Bhathal, CEO and Co-Founder, Brightflow AI leverages AI machine learning algorithms to easily forecast sales and automate cash flow management while providing a dashboard with cash flow analysis. real-time cash flow so business owners can make real-time strategic adjustments. The system proactively and autonomously monitors a company’s finances for a fraction of the time and cost of traditional service providers.
Brightflow AI integrates with many established business management platforms, including Shopify, Amazon, QuickBooks, Netsuite, Xero, Plaid, Facebook, and Google Ads.
Also, the solution:
- Provides real-time visibility into cash flow, revenue forecast, demand forecast, return on ad spend (ROAS), customer lifetime value (LTV), and profitability without waiting for deals to close company books.
- Provides cash flow forecasting by consolidating many different Excel sheets into an easy-to-read dashboard with all of the company’s financial information.
- Customizes paid products to meet the exact needs of a business.
- Encrypts and protects all of its data, so that customer information and financial documents remain confidential.
Year-to-date, Brightflow AI has unlocked over $60 million in growth capital for its clients, with over 1,200 client connections on its platform and over 49,000 transactions synced daily.