FloBiz
FloBiz is a Bengaluru-based software company building AI-powered mobile-first tools—myBillBook (billing/inventory), mySandesh (messaging), and myCashflo (AI collections)—for over 10 million Indian MSMEs across 18,353 pincodes.
- Company typePrivate
- Founded2016
- HeadquartersBengaluru, India
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What FloBiz does
FloBiz is a Bengaluru-based software company building AI-powered, mobile-first business management tools for India's micro, small, and medium enterprises (MSMEs). Founded by Rakesh Yadav, the company operates a portfolio of interconnected products: myBillBook for billing, inventory, and accounting; mySandesh for business-to-customer messaging; and myCashflo for AI-driven payment collections. The platform reports over 1 Crore (10 million+) businesses using its products, with monthly transaction volume exceeding $1 billion and coverage across 18,353 Indian pincodes.
The technology stack is modern and cloud-native, built on React, Node.js, Python, AWS, MongoDB, Redis, Docker, Kubernetes, GraphQL, TypeScript, Flutter, and Firebase, with 99.9% uptime across web and mobile delivery. AI capabilities are concentrated in myCashflo, which automates accounts receivable through outbound calling and multilingual reminders, and in mySandesh, which provides smart B2C messaging. The product architecture is positioned as a comprehensive operating layer for Indian SMBs spanning invoicing, inventory, accounting, communications, and receivables recovery within a single mobile-first interface.
FloBiz operates a product-led growth model with self-serve digital acquisition across web and mobile channels. While specific pricing tiers are not publicly disclosed, the company appears to follow a freemium-to-subscription SaaS structure with tiered plans targeting different business sizes. Backed by Peak XV Partners (formerly Sequoia Capital India), Think Investments, BEENEXT, Elevation Capital, Green Oaks Capital Partners, Whiteboard Capital, and iSeed, FloBiz has raised approximately $44 million across three funding rounds (2019–2021), with the Series B explicitly earmarked for team expansion, product development, and entry into financial services for its existing MSME base.
FloBiz firmographics
Firmographics- Name
- FloBiz
- Legal name
- FloBiz
- Website
- https://flobiz.in
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- FloBiz is a Bengaluru-based software company building AI-powered mobile-first tools—myBillBook (billing/inventory), mySandesh (messaging), and myCashflo (AI collections)—for over 10 million Indian MSMEs across 18,353 pincodes.
- Ownership category
- akta.pro rank
FloBiz industry classification
Industry- Product category
- Small Business Management Software
- NAICS
- Software Publishers (513210), Software Publishers (51321)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- SME Accounting, Bookkeeping & Close Automation (FSAGAJAH)
- akta.pro secondary industries
- Treasury, Cash Management & Liquidity (SME) (FSAGAJAG), iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG), Account-Based Marketing (ABM) Services (BPAFAKAG)
Keywords
Where FloBiz is headquartered
LocationHeadquarters
- HQ city
- Bengaluru
- HQ country
- India
- HQ region
- Asia
Markets served
FloBiz business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- SaaS Subscription (implied): Based on the product offerings as billing/accounting software with multiple tiers and features, the revenue model is likely subscription-based SaaS. The myBillBook platform offers different tiers including Multi-Channel and Mobile First options, suggesting tiered subscription pricing for SMBs.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
FloBiz product offering
Product offeringCore offering
FloBiz builds AI-powered SaaS software for India's micro, small and medium businesses (MSMEs). Its core offering is myBillBook, a mobile billing, inventory/stock management and accounting platform used by over 1 Crore MSMEs, complemented by mySandesh (smart B2C messaging) and myCashflo (AI-driven automated payment collections). Together the products help Indian SMBs digitize invoicing, track inventory, communicate with customers and recover payments without hiring dedicated staff.
Product overview
FloBiz operates as an AI-powered software company offering a portfolio of interconnected products for small businesses in India. The core product myBillBook serves as the flagship billing, stock management and accounting platform, while mySandesh provides smart messaging communication between businesses and customers, and myCashflo functions as an AI collections manager automating payment recovery through calls and reminders. Together, these products address the end-to-end needs of MSMEs from operations management to customer communication and financial collections.
Differentiator
Problem solved
Functional benefit
Brands
- myBillBook: India's #1 billing, stock management and accounting platform for MSMEs, helping small businesses digitize invoicing and accounting with over 1 Crore+ users
- mySandesh
- myCashflo
Products and services
- myBillBook Mobile billing, inventory/stock management and accounting SaaS platform for Indian micro, small and medium businesses. Offers barcode billing, live inventory tracking, reordering alerts and live ledger sharing, and is used by over 1 Crore MSMEs across India.
- mySandesh Multi-channel, mobile-first smart messaging platform that connects businesses with their customers in real time, designed to help Indian SMBs manage customer communication alongside billing and operations.
- myCashflo AI-powered collections manager that automatically calls debtors, sends payment reminders and recovers outstanding payments for Indian SMBs, operating daily and communicating in the user's language.
Quantifiable outcome
- Over $1 billion in transactions processed monthly through the platform
- +2 more outcomes
Companies that use FloBiz
Customer profileNamed customers3 records
Segments1 record
Ideal customer profiles1 record
FloBiz technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature4 records
FloBiz partnerships and signals
Strategic signalScale indicators7 records
Recent moves3 records
Expansion highlights5 records
FloBiz competitors and assessment
Company assessmentBroad incumbents
- Tally Solutions: India's incumbent accounting and ERP software brand serving millions of SMBs. A larger, established competitor overlapping with myBillBook on accounting, GST, and invoicing.
- Zoho (Books / Invoice): Global SaaS suite including Zoho Books and Zoho Invoice targeted at SMBs. Overlaps with myBillBook on invoicing, accounting, and inventory workflows for small businesses.
- BharatPe: Indian fintech serving offline merchants with payments, lending, and business tools. Competes with FloBiz on the SMB merchant layer and in payments/collections.
- Razorpay: India's leading full-stack payments and banking platform for businesses. Adjacent to FloBiz on SME payments and increasingly on business-management SaaS.
Direct peers
- OkCredit: Mobile credit ledger and collections app for Indian small merchants and retailers. Competes directly with myBillBook/myCashflo on billing, receivables tracking, and payment reminders.
- Vyapar: India-focused billing, accounting, and inventory software for SMBs. Closely comparable to myBillBook in feature set and target customer (Indian retailers, distributors, wholesalers).
- Khatabook: India's leading digital khata / billing and payments ledger app for SMBs. Direct overlap with myBillBook on billing, invoicing, and collections for the same MSME segment.
- Dukaan: Indian e-commerce enablement platform for SMBs that includes billing, inventory, and storefront tooling. Comparable target segment and overlapping SaaS features.
Emerging players
- Refyne: India-based earned-wage-access and salary-on-demand platform for workers and SMB employers. Related to FloBiz's fintech ambitions via SME HR/payroll adjacent services.
- Karbon Card: India-focused corporate card and spend management fintech for SMBs. Relevant comparable as FloBiz expands into SME financial services and treasury/cash management.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks1 record
Key highlights7 records
Customer concentration
FloBiz social profiles
Digital presenceFloBiz financial estimates
Financial estimateRevenue estimate
Valuation estimate
FloBiz leadership team
Management profileNumber of profiles
Profiles10 records
FloBiz funding detail
Funding detailFunding overview
Funding rounds3 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FloBiz M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FloBiz
What does FloBiz do?
FloBiz builds AI-powered SaaS software for India's micro, small and medium businesses (MSMEs). Its core offering is myBillBook, a mobile billing, inventory/stock management and accounting platform used by over 1 Crore MSMEs, complemented by mySandesh (smart B2C messaging) and myCashflo (AI-driven automated payment collections). Together the products help Indian SMBs digitize invoicing, track inventory, communicate with customers and recover payments without hiring dedicated staff.
Is FloBiz a public or private company?
FloBiz is a private company. It is classified as venture growth investor backed and is currently operating.
When was FloBiz founded?
FloBiz was founded in 2016. It employs 51 to 100 people.
Where is FloBiz based?
FloBiz is headquartered in Bengaluru, India, in the Asia region.
How does FloBiz make money?
One revenue line is on record: saaS Subscription (implied).
Who are FloBiz's main competitors?
Broad incumbents on record are Tally Solutions, Zoho (Books / Invoice), BharatPe and Razorpay. Direct peers are OkCredit, Vyapar, Khatabook and Dukaan. Emerging players are Refyne and Karbon Card.
Does FloBiz have an API?
No public API is recorded for FloBiz.
What industry is FloBiz in?
FloBiz's product category is Small Business Management Software. Its primary akta.pro industry code is FSAGAJAH, SME Accounting, Bookkeeping & Close Automation, with a secondary code of FSAGAJAG, Treasury, Cash Management & Liquidity (SME). Its NAICS code is 513210 and its SIC code is 7372.