Paraglide

What Paraglide does

Paraglide is a Swedish startup developing an AI-native platform that deploys autonomous agents to automate accounts receivable workflows for B2B mid-market and enterprise customers. The platform's core product consists of AI agents that handle billing queries and chase overdue invoices through text-based natural language interactions, with the stated objective of reducing Days Sales Outstanding. The architecture is purpose-built for AR rather than adapted from generic workflow or chatbot tooling, with autonomous multi-step process execution and limited human intervention.

Name

Paraglide

Website

https://paraglide.io

Company type

Private

Operating status

Operating

Short description

Paraglide is a Swedish AI-native SaaS startup that deploys autonomous agents to automate accounts receivable workflows, including billing query handling and overdue invoice chasing, for mid-market and enterprise B2B customers across Europe.

Ownership category

akta.pro rank

Headquarters

HQ city

Raleigh

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. SaaS Subscription: AI-native platform delivered as a subscription service, targeting mid-market and enterprise customers with automation capabilities for accounts receivable workflows including billing query handling and invoice collection

Go-to-market motion1 record

Core offering

Paraglide provides an AI-native accounts receivable automation platform that deploys autonomous agents to handle billing queries and chase overdue invoices. The platform is delivered as a SaaS subscription targeting mid-market and enterprise customers, with the goal of reducing Days Sales Outstanding (DSO) and streamlining AR workflows.

Product overview

Paraglide offers a single unified AI-native platform for accounts receivable automation. The core product consists of AI agents that autonomously handle billing queries and chase overdue invoices, targeting mid-market and enterprise customers. The platform is designed to significantly reduce Days Sales Outstanding and scales across Europe.

Differentiator

Problem solved

Functional benefit

Products and services

• Paraglide AI Accounts Receivable Platform An AI-native platform that deploys autonomous agents to automate accounts receivable workflows, including handling billing queries and chasing overdue invoices. It is designed to reduce Days Sales Outstanding for mid-market and enterprise B2B customers and to scale across Europe.

Quantifiable outcome

• Significant reductions in Days Sales Outstanding reported by early mid-market and enterprise customers

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature1 record

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Stampli: Stampli provides AI-driven invoice management and AP/AR collaboration, with overlapping automation capabilities for invoice processing and accounts receivable communication workflows.
• Billtrust: Billtrust offers order-to-cash automation including invoicing, collections, and cash application, directly competing with Paraglide in the AR automation category for mid-market and enterprise customers.
• HighRadius: HighRadius is a leading AI-powered order-to-cash and treasury management platform automating invoicing, collections, deductions, and cash application for mid-market and enterprise customers — directly competing with Paraglide's AR automation value proposition.
• Sidetrade: Sidetrade is a European-headquartered AI-driven order-to-cash platform targeting mid-market and enterprise B2B customers, directly competing with Paraglide's AI-native AR automation and DSO reduction positioning.
• Rimilia (Bottomline): Rimilia, now part of Bottomline Technologies, provides AI-powered cash flow and collections automation for AR teams — directly comparable to Paraglide's autonomous agents for invoice chasing and DSO reduction.
• Versapay: Versapay (including acquired YayPay) provides AR automation and collaborative invoice-to-cash solutions for mid-market and enterprise B2B customers, directly overlapping with Paraglide's billing query handling and collections chasing use cases.

Emerging players

• Tesorio: Tesorio is an AI-driven cash flow performance platform offering AR collections and DSO optimization, overlapping with Paraglide's core use cases but at a smaller scale.
• Collect.AI: Collect.AI applies AI to invoice collection and accounts receivable, directly comparable in focus (AI for collections and DSO reduction) to Paraglide's product offering.

Broad incumbents

• BlackLine: BlackLine is a public, established finance and accounting automation platform with AR cloud capabilities, competing broadly with Paraglide in enterprise finance workflow automation and offering overlapping AR functionality as part of a wider portfolio.
• SAP: SAP is a broad ERP incumbent with embedded accounts receivable and collections management functionality (S/4HANA Finance, SAP Collections Management), representing the incumbent threat that AR automation independents like Paraglide must displace or integrate alongside.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/paraglideio

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paraglide