Participated · Series A · Dec 2024

Chargezoom uses AI and machine learning, powered by a proprietary dataset, to automate accounts receivable, invoicing, and customer payments. The platform aims to eliminate manual AR work and accelerate cash flow for growing businesses. Since its $2.0M Seed in July 2021, the company reports growth of 3,972%. Chargezoom plans to scale rapidly and expand its platform capabilities with the new funding. The company has repositioned its investor lineup to align with long-term strategy, with BIP Ventures exiting and several new investors joining. Chargezoom is building its presence in Utah’s Silicon Slopes tech scene. Chargezoom is an Irvine, California–based billing and integrated-payments platform led by CEO Matt Dubois. The company's core product integrates payments into the accounting applications businesses use daily, with integrations including QuickBooks Desktop, QuickBooks Online, FreshDesk and Xero. Its tools allow businesses of all sizes to collect payments faster with full GAAP compliance and to eliminate manual accounting tasks. Chargezoom has signed agreements with Fortune 500 payment service providers and entered partnerships with the majority of the top 20 merchant acquirers in the United States. The company raised $10 million in a Series A to support growth. It intends to use the funds to double down on product expansion and to hire talent, with plans to double staff size by the end of 2022. Chargezoom provides a platform that manages billing and payments for modern businesses, focusing on automation to help companies scale quickly. Led by Matt Dubois (CEO), Scott King (CRO), and Miguel Avellan (CIO), the company targets the operational payment needs of growing firms. The company is headquartered in Irvine, Calif. In September 2021 Chargezoom raised $2M in seed funding to support its growth. The company intends to use the funds to continue to expand operations and broaden its business reach. Investors in the round included Okapi Venture Capital as lead and SaaS Ventures.