ZenStatement, a platform leveraging AI for finance automation and cash flow management, has successfully raised $1.62 million in its seed funding round. This investment was led by 3One4 Capital and Boldcap VC, alongside contributions from Dynamis Ventures and Atrium Angels.
The startup has also attracted support from notable angel investors and business leaders, including Michael Boyd (former Global Treasury Head at Apple), Chetan Venugopal (Founder of Pierien Services), Ankit Nagori (Founder of EatFit), Kulin Shah (Founder of Onsurity), Ankit Fatehpuria (Founder of Zetwerk), and Sujayath and Navaneeth (Founders of Shop-up and Voonik).
The funds will be allocated toward enhancing product offerings and developing a robust sales and marketing framework to broaden ZenStatement’s reach in both domestic and international markets.
Founded in 2023 by Sourabh Nolkha and Ankit Narsaria, ZenStatement—previously known as SimpliFin—empowers businesses to effectively monitor, optimize, reconcile, and project their cash flows. The platform utilizes AI-driven natural language queries to deliver valuable financial insights.
In just a year of operation, ZenStatement has reportedly established a client base that includes unicorns and leading companies across sectors such as digital commerce, retail (including food and beverage), and fintech, managing around 10 million transactions (approximately 60 million) monthly.