CashFlo
CashFlo is a Mumbai-based SaaS company offering AI-powered finance automation to large Indian enterprises and their SME vendors. Its unified platform combines AP automation, multi-bank payments, GST compliance, and supply chain financing across Rs 1,80,000 Crores (~$22B) of annual invoice flow.
- Company typePrivate
- Founded2018
- HeadquartersMumbai, India
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What CashFlo does
CashFlo, operated by Valor Innovations Private Limited, is an India-based SaaS finance automation platform founded in 2018 and headquartered in Mumbai with additional offices in Bangalore and Pune. The company provides a unified product suite for corporate finance teams covering accounts payable (AP) automation, payments and controls, GST and e-invoicing compliance, vendor management, and supply chain financing. Its underlying technology combines OCR-based invoice reading, six-way invoice matching, machine-learning-driven compliance checks, multi-bank payment workflows, and pre-built integrations with major enterprise ERPs (SAP S/4 HANA, SAP B1, SAP ECC, Oracle NetSuite/EBS/Fusion, Microsoft Business Central/Dynamics 365/Navision). The platform reports 95% straight-through invoice processing, 100% GST compliance, and a stated 100% customer retention rate at 5 years.
The company's customers include large Indian enterprises (Tata Group, L&T, Zydus, Lupin, Ajanta Pharma, Thermax, Murugappa Group, Bajaj, Samsonite, Mosaic Wellness, Delhivery, Ecom Express, Apar Industries, Haldia Petrochemicals, Kalyani Group, PM Cona, Durian) and a network of 300,000+ SMEs that supply them. CashFlo earns revenue through a combination of modular SaaS subscriptions (custom-priced per module: AP Automation, Payments & Controls, Compliance & GST, Vendor Management, Supply Chain Financing) and transaction/financing fees on supply chain finance facilitated through its platform, including dynamic cash discounting that delivers 12%+ risk-free returns on treasury/unutilized bank lines. The company also operates a financing network of 20+ banks and NBFCs for PO and GRN-based financing.
The most consequential strategic move is the May 2024 acquisition of Logitax, a GST and e-invoicing compliance platform, which added filing, reconciliation, e-invoicing, e-way bill, and audit-ready GSTR-9/9C capabilities to the suite. CashFlo has raised approximately $12M of disclosed funding across a 2019 round led by Elevation Capital and a 2022 ~$8.7M round led by General Catalyst with Elevation Capital participating. Distribution is exclusively direct enterprise field sales supported by CFO-focused content (Elevate Magazine, Elevate Podcast) and roundtables (Elevate Live events across Mumbai and Bangalore), with the platform processing over Rs 1,80,000 Crores (~$22B) of invoices annually.
CashFlo firmographics
Firmographics- Name
- CashFlo
- Legal name
- Valor Innovations Private Limited
- Website
- https://cashflo.io
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- CashFlo is a Mumbai-based SaaS company offering AI-powered finance automation to large Indian enterprises and their SME vendors. Its unified platform combines AP automation, multi-bank payments, GST compliance, and supply chain financing across Rs 1,80,000 Crores (~$22B) of annual invoice flow.
- Ownership category
- akta.pro rank
CashFlo industry classification
Industry- Product category
- Accounts Payable Automation Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments) (BPAAAGAA)
- akta.pro secondary industries
- Corporate Treasury & Supplier Payments (AP, Mass Payments) (FSAMAKAL), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Treasury, Cash Management & Liquidity Tools (Sweeps, Cash Concentration) (FSAGAAAG)
Keywords
Where CashFlo is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
CashFlo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations
Revenue model
- Transaction / Financing Fees on Supply Chain Finance: CashFlo earns fees on invoice discounting, vendor financing, dynamic cash discounting, and early payment programs facilitated through its platform. The platform enables vendors to receive early payments at discounted rates, with CashFlo acting as the intermediary and earning a margin or transaction fee.
- SaaS / Software Subscription: Pricing is customized based on the solution module(s) implemented — companies can adopt one or all of the available modules (AP Automation, Payments & Controls, Compliance & GST Suite, Vendor Management, Supply Chain Financing). Fees are quoted based on modules selected and company size.
- PO & GRN Financing Network Fees: CashFlo connects corporates with a network of 20+ banks and NBFCs for PO Financing and GRN-based Financing, providing risk protection and earning fees from the financing network.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Custom modular pricing — select one or all modules |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels9 records
CashFlo product offering
Product offeringCore offering
CashFlo is a SaaS finance automation platform that helps Indian enterprises automate accounts payable, manage vendor payments, ensure GST compliance, and provide supply chain financing. It combines AI-powered invoice processing (OCR, 6-way matching), ERP integrations with SAP, Oracle, and Microsoft systems, multi-bank payment infrastructure, and a network of 20+ banks and NBFCs to deliver dynamic cash discounting and vendor financing. The platform processes over Rs. 1,80,000 Crores of invoices annually across 1,200+ enterprises and 300,000+ SMEs.
Product overview
CashFlo is a comprehensive finance automation platform offering a modular product suite built around accounts payable automation, payments and controls, compliance and GST management, vendor management, and supply chain financing. The platform integrates with major ERP systems (SAP, Oracle, Microsoft) and processes over Rs. 1,80,000 Crores of invoices annually across more than 3,000 corporate clients and 300,000+ SMEs in India. The core offering consists of AP Automation (leveraging AI/OCR for 95% straight-through processing), Payments & Controls (reconciliation and payment workflows), Compliance & GST Suite (acquired from Logitax), Vendor Management, Supply Chain Financing (dynamic discounting and vendor financing), and ERP Integrations. The platform is designed for enterprises seeking to automate manual finance processes, ensure GST compliance, optimize working capital, and improve EBITDA by up to 5%.
Differentiator
Problem solved
Functional benefit
Brands
- ITC Ultra: Input Tax Credit optimization tool for payment reconciliation
- Elevate Magazine
- Elevate Podcast
- Elevate Live Events
Products and services
- AP Automation AI-powered accounts payable automation platform that combines high accuracy OCR, 6-way invoice matching, compliance checks, and machine learning to automate invoice processing with 95% straight-through processing capability. Designed for corporate finance teams at large Indian enterprises.
- Payments & Controls Payment control and reconciliation module providing bank reconciliation, vendor ledger reconciliation, GST compliance checks, multi-bank payments, and clearing account management for audit readiness.
- Compliance & GST Suite Comprehensive GST and compliance management suite covering GST filing, reconciliation, e-invoicing, e-way bill generation, GSTR-9 and 9C audit readiness, and 26AS reconciliation.
- Vendor Management Vendor lifecycle management platform enabling vendor onboarding with KYC checks, vendor portal access, and payment communication tracking.
- Supply Chain Financing Working capital optimization solutions including dynamic cash discounting offering 12%+ risk-free returns, dynamic vendor financing at rates lower than TReDS, PO financing through a network of 20+ banks and NBFCs, and GRN-based financing for logistics vendors.
- ERP Integrations Native integrations with major ERP systems including SAP (S/4 Hana, Business One, ECC), Oracle (NetSuite, E-Business Suite, Fusion), and Microsoft (Business Central, Dynamics 365, Navision) for seamless data synchronization.
Quantifiable outcome
- Rs 1,80,000 Crores of invoices processed annually
- +4 more outcomes
Companies that use CashFlo
Customer profileNamed customers17 records
Segments3 records
Ideal customer profiles2 records
CashFlo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability4 records
Feature6 records
CashFlo partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- LogitaxcoreCashFlo acquired Logitax, a GST and e-invoicing compliance platform, in May 2024. The acquisition significantly expands CashFlo's product portfolio in compliance and enables it to serve 1,200+ enterprises and 300,000 SMEs. Logitax founder Aditya Kulkarni oversees CashFlo's enterprise business post-acquisition.
- SAP (S4 HANA, Business One, ECC)coreCashFlo has pre-built integrations with SAP S4 HANA, SAP Business One, and SAP ECC ERP systems, enabling seamless data flow between CashFlo's finance automation platform and SAP-based enterprise environments.
- Oracle (Netsuite, EBS, Fusion)coreCashFlo has pre-built integrations with Oracle Netsuite, Oracle E-Business Suite (EBS), and Oracle Fusion ERP systems, enabling enterprises on Oracle platforms to seamlessly integrate CashFlo's AP automation and finance workflows.
- Microsoft (Business Central, Dynamics 365, Navision)coreCashFlo has pre-built integrations with Microsoft Business Central, Microsoft Dynamics 365, and Microsoft Navision ERP systems, enabling enterprises on Microsoft platforms to integrate CashFlo's finance automation.
- TReDS PlatformscoreCashFlo integrates with TReDS (Trade Receivables Discounting System) platforms, enabling dynamic vendor financing at rates lower than TReDS and supporting MSME payment compliance mandated under the TReDS mandate.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
CashFlo competitors and assessment
Company assessmentDirect peers
- EnKash: India-based AP automation and corporate card platform helping businesses manage payables, vendor payments, and working capital. Directly comparable to CashFlo's AP Automation and Payments & Controls modules for Indian enterprises and SMEs.
- Karbon Card: Indian corporate card and AP automation platform serving startups and mid-market companies. Competes with CashFlo on the AP/payable automation use case for Indian businesses, especially in card-based vendor payments.
- CredAble: India-based working capital and supply chain finance platform connecting enterprises, vendors, and financiers. Directly comparable to CashFlo's supply chain financing, dynamic discounting, and early-payment programs.
- KredX: Indian invoice discounting and supply chain finance marketplace enabling SMEs to monetize receivables. Comparable to CashFlo's invoice discounting and vendor financing features on the financing side.
- Vayana: India-based trade finance and supply chain finance network connecting corporates with banks/NBFCs. Competes with CashFlo's PO/GRN financing and dynamic vendor financing capabilities.
- RXIL (Receivables Exchange of India): Government-promoted TReDS platform for invoice discounting among MSMEs and corporates. Closest regulated alternative to CashFlo's vendor financing/invoice discounting offering in India.
- M1xchange: TReDS-licensed invoice discounting platform in India. Competes with CashFlo on reverse-factoring / TReDS-integrated vendor financing for Indian corporates and MSMEs.
Broad incumbents
- HighRadius: Global SaaS platform for treasury, AR, and AP automation serving large enterprises, with a strong India presence. Comparable across AP automation, payments, and treasury/working-capital workflows, though broader in scope.
- Tipalti: Global AP automation, supplier payments, and global payouts platform. Comparable to CashFlo's AP automation and multi-bank payment infrastructure, though primarily serves mid-market and global businesses rather than India-domestic enterprises.
- Razorpay: India's largest fintech, offering payments, banking, and business-banking solutions including AP-related payout infrastructure. Adjacent competitor to CashFlo on the payments/disbursements side for Indian SMEs and corporates.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
CashFlo social profiles
Digital presenceCashFlo compliance and trust
Trust signalCompliance2 records
CashFlo financial estimates
Financial estimateRevenue estimate
Valuation estimate
CashFlo leadership team
Management profileNumber of profiles
Profiles3 records
CashFlo subsidiaries and ownership
Company hierarchySubsidiaries1 record
CashFlo funding detail
Funding detailFunding overview
Funding rounds2 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CashFlo M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CashFlo
What does CashFlo do?
CashFlo is a SaaS finance automation platform that helps Indian enterprises automate accounts payable, manage vendor payments, ensure GST compliance, and provide supply chain financing. It combines AI-powered invoice processing (OCR, 6-way matching), ERP integrations with SAP, Oracle, and Microsoft systems, multi-bank payment infrastructure, and a network of 20+ banks and NBFCs to deliver dynamic cash discounting and vendor financing. The platform processes over Rs. 1,80,000 Crores of invoices annually across 1,200+ enterprises and 300,000+ SMEs.
Is CashFlo a public or private company?
CashFlo is a private company. It is classified as venture growth investor backed and is currently operating.
When was CashFlo founded?
CashFlo was founded in 2018. It employs 101 to 250 people.
Where is CashFlo based?
CashFlo is headquartered in Mumbai, India, in the Asia region.
How does CashFlo make money?
Three revenue lines are on record. Transaction / Financing Fees on Supply Chain Finance is the primary driver. The others are saaS / Software Subscription and PO & GRN Financing Network Fees.
Who are CashFlo's main competitors?
Direct peers on record are EnKash, Karbon Card, CredAble, KredX, Vayana, RXIL (Receivables Exchange of India) and M1xchange. Broad incumbents are HighRadius, Tipalti and Razorpay.
Does CashFlo have an API?
No public API is recorded for CashFlo.
What industry is CashFlo in?
CashFlo's product category is Accounts Payable Automation Software. Its primary akta.pro industry code is BPAAAGAA, Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments), with a secondary code of FSAMAKAL, Corporate Treasury & Supplier Payments (AP, Mass Payments). Its NAICS code is 51821 and its SIC code is 6199.