Tesorio sells automation solutions that help companies manage accounts receivable by predicting when customers will pay using AI models trained on payment history. Customers connect their ERP and CRM systems to Tesorio; setup averages around five days and model training about 30 days. The company’s models train on an anonymized invoice dataset covering billions in transactional volume and support features such as email reminder templates, self-service payment portals, digital workspaces, and customizable reports. Tesorio reports over 130 customers, including Slack, Box, Twilio, GitLab and Bank of America, and says it has delivered three consecutive years of triple-digit revenue growth, though it is not yet cash-flow positive. Founded in 2015 and originally focused on supply-chain financing, the company pivoted to serving the companies getting paid and has expanded its product and go-to-market efforts. Proceeds from the latest financing are earmarked for go-to-market expansion, product development, and growing headcount from just north of 50 to around 90 employees within the next year. Tesorio aggregates disparate financial and operational data to build cash-flow forecasts and automate levers that affect cash, positioning itself as a Mint-like service for businesses. Its product pulls data from accounting, bank, billing and customer systems and runs AI models to predict payment behavior and overall financial trajectory. Current customers include Veeva Systems, Box and WP Engine, and the company serves firms with roughly 100–3,000 employees, including international customers. The platform has analyzed $56 billion in payments, 10 million invoices and 5 million user activities, and Tesorio says its revenue grew 4x year-over-year in 2018. The company plans to use new funding to expand the product—particularly integrations with other finance systems—and to scale go-to-market efforts.

Total raised

$27M

Funding rounds

2

Latest round

Series B

Latest activity

Jul 2022