PennyFlo Startup PennyFlo Fintech Private Limited

fintech-financial-services software-and-internet

Branch/Offices Locations

2023

Incorporated at

India , 2023

Corporate Office

Kochi

Platform
WFC
Approved: 24 Oct' 2024
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Product Video

Elevator Pitch

Product Description

To build a long-term business, cash flow must be accurate and predictable in all scenarios. Whether it's expanding the team, opening a new office, or entering new markets... Everything must be consistent. Unexpected changes or unexpected expenses may unbalance the cash flow, leading to failure and affecting the business's sustainability. We with one observation that, Business owners, finance departments and accountants lose countless hours every month entering invoice details manually, chasing paper invoices and receipts, and communicating to reconcile payments at month-end close. At the same time, their finances are scattered across many bank accounts and tools with no visibility of their cash flow. Sir, Why do businesses have to spend a lot of money or effort in managing their financial operations, and use countless tools to do so? PennyFlo believes that there is only one way, manage money indefinitely. We assist businesses in better managing their cash and making them more sustainable. We assist them in preparing for any future scenarios based on accurate analysis and prediction. Obviously, they must remain agile and adaptable, make quick decisions, adjust cash flow, and, most importantly, work as a team with strong coordination and leadership.


Startup Description

PennyFlo Fintech Private Limited, an exciting fintech start-up focusing on revolutionizing cash management for businesses with our breakthrough All in One integrated AI-powered SaaS Platform. We are working on a comprehensive solution that smoothly interfaces with accounting platforms and interacts with corporate accounts, allowing for automated bulk payments and collections.


Product Screenshots


Business Model

Subscription and Pay per transaction model.


Customers based in

Europe, India, Middle East & North Africa

Business Modal Type

SaaS

Type of Sales

B2B, B2B2C

Competitors

Open Money (https://open.money), Agicap (https://agicap.com)

Teams

Vaishnav Raj

Co-founder & CPO

Karthik Sreedharan

Co-founder & CEO

Prabhat Singh

CTO (Part-time)

Tell us a bit about how founding team knows each other.

Met professionally and one conversation led to other. Finally we co-founded PennyFlo together with a mission to help the businesses in Better managing the cash to ensure more sustainability & profitability.

Why did you decide to start this company?

"We can't control the wind, but we can adjust the sail to have a safe & prolonged journey". We help the visionaries to stay agile, make informed decisions, work as a team and take off all the hassles

Are all the founders full-time on this project?

Yes

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