Valyx, a B2B financial management platform, has secured $800K in its pre-seed funding round, co-led by Huddle Ventures and Waveform Ventures. The round also included investments from notable backers like Bharat Founders Fund and Propell Fund.
The newly raised funds will be directed towards expanding Valyx’s sales team by attracting and onboarding new talent, as well as growing its engineering team to accelerate the development of its product roadmap.
Founded in late 2023, Valyx automates billing and receivables processes, enabling businesses to accelerate payments, expedite financial closures, and improve cash flow. The platform offers a range of services, including rate card management, usage-based billing, collections, cash application, reconciliation, dispute management, and collaborative receivables tracking.
By automating these essential yet repetitive revenue and receivables tasks, Valyx allows finance and sales teams to focus on building stronger relationships with their buyers. The startup has already processed over Rs 200 crore in accounts receivable.
Looking ahead, Valyx plans to develop a comprehensive AI-powered revenue management platform over the next two years, which will include B2B payments and financing solutions.