What is Upflow?
Founded in 2018 and headquartered in Saint Mande, France, Upflow offers a Software-as-a-Service platform designed to streamline customer payment collection for B2B businesses. The solution integrates seamlessly with popular finance tools such as QuickBooks, Xero, Netsuite, and Chargebee, and partners with leading payment gateways including Stripe and GoCardless. This comprehensive integration strategy positions Upflow as a key player in simplifying B2B financial operations and improving cash flow management for its clients.
How much funding has Upflow raised?
Upflow has raised a total of $22.7M across 3 funding rounds:
Other Financing Round
$2.7M
Series A
$15M
Series A
$5M
Other Financing Round (2019): $2.7M with participation from Kima Ventures and Efounders
Series A (2021): $15M led by 9Yards Capital and Efounders
Series A (2024): $5M supported by Y Combinator, Hexa, and Hedosophia
Key Investors in Upflow
Kima Ventures
Kima Ventures is a highly active early-stage investor, backing approximately 100 startups annually from pre-seed to seed stages. Based in Paris, they provide funding, network, and support to help founders advance their ventures.
Efounders
eFounders is a startup foundry specializing in SaaS and marketplace models for SMBs. They act as co-founders, immersing themselves in projects to provide strategic, business modeling, and development expertise.
Y Combinator
Y Combinator is a renowned startup accelerator that provides seed funding and mentorship to early-stage companies, helping them to scale and attract further investment.
What's next for Upflow?
With substantial backing, including its most recent major strategic investment, Upflow is poised for accelerated growth. The company's focus on integrating with essential financial tools and payment gateways suggests a strategy aimed at becoming a central hub for B2B payment processing. Future developments are likely to involve expanding its feature set, enhancing its integration capabilities, and potentially broadening its market reach. The enterprise-level funding indicates a strong investor confidence in Upflow's business model and its potential to capture a significant share of the B2B fintech market.
See full Upflow company page
