Paraglide raises $5M Seed to reinvent accounts receivable with Agentic AI

Paraglide, an innovative accounts receivable (AR) platform leveraging agentic AI, has successfully secured $5 million in seed funding. This investment, co-led by Bessemer Venture Partners and DN Capital, underscores a significant shift towards AI-driven automation within finance operations. The funding will fuel Paraglide's expansion across Europe, addressing a critical need for enhanced cash flow management and operational efficiency for businesses. The core of Paraglide's offering lies in its advanced AI agents designed to automate complex, two-way communication throughout the accounts receivable lifecycle. Unlike traditional systems relying on generic reminders, these agents engage in personal, contextual conversations with customers to resolve billing queries and expedite overdue payments. This intelligent automation directly tackles the persistent challenge of reducing Days Sales Outstanding (DSO) and improving overall cash flow for finance teams. Early adoption by mid-market and enterprise clients, including Choco, Ardoq, and Spiideo, has demonstrated substantial results, with initial customers reporting up to a 34% reduction in DSO and achieving inbox-zero status within their first week. This validates the "System of Action" concept, where AI agents actively execute workflows, freeing up finance professionals for more strategic endeavors and fundamentally changing how companies unlock cash and foster growth.