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Imagine you’re a finance manager at a growing B2B company. Your inbox is flooded with customer emails about invoices – “Where’s my bill?” “Can you resend the PO?” “Why is this overdue?” You spend hours every day just replying, chasing payments, and sorting disputes. It’s exhausting, and cash flow suffers because Days Sales Outstanding (DSO) keeps climbing. Paraglide is here to change that.
This Swedish startup made waves by announcing a $5 million seed funding round. The cash came from big names like Bessemer Venture Partners and DN Capital, with help from Born Capital and The Nordic Web Ventures. This isn’t just money – it’s fuel for Paraglide to expand across Europe and supercharge their AI tools for finance teams.
Meet the Founders Behind the Magic
Rasmus Areskoug and Andreas Åström started Paraglide after years in the trenches at GetAccept, a sales enablement company that raised over $30 million. Rasmus was the CFO, dealing daily with AR headaches. Andreas headed engineering. They saw how much time got wasted on repetitive billing chats and decided AI could fix it – just like it’s transforming customer support.
Rasmus put it simply: “Finance teams drown in billing queries and chase invoices with reminders customers ignore. AI agents can handle these conversations end-to-end.” No more one-size-fits-all emails. Paraglide’s bots talk back, personalize responses, and keep things moving.
What Does Paraglide Actually Do?
Paraglide builds AI agents that live in your finance inbox, working 24/7. They handle two-way conversations across the entire accounts receivable process. Here’s the breakdown:
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Billing Support Agent: Replies to invoice questions instantly. Sends docs, grabs PO numbers, notes promise-to-pay dates, and follows up if customers ghost you. Supports any language, too.
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Collection Agent: Runs full collections. Sends friendly reminders, chats with the right contacts, targets chronic late payers, escalates smartly, and even automates recovery steps until money hits the bank.
Unlike old-school AR software with templated blasts that everyone ignores, Paraglide feels human. It pulls real-time data from your ERP, CRM, or billing tools like Chargebee. Setup is quick – days, not months – and it integrates seamlessly.
Real Results from Early Users
Companies aren’t just testing this; they’re seeing big wins. Choco, a food tech firm, cut DSO by 34% in just 14 days. Their finance director, Tobias Pfleger, said it was effortless and boosted cash flow right away.
GetAccept’s former ops manager Stephanie Cronqvist raved about hitting “inbox zero” in a week. Other fans include Ardoq and Spiideo. Overall stats? 75% fewer manual tasks, 20% drop in bad debt. For teams drowning in high-volume billing, this is a game-changer.
It fits everyone: AR specialists get freed for big-picture work, controllers love the dashboards tracking DSO, credit folks get smart follow-ups, and CFOs see better cash flow without hiring more people.
Why Investors Bet Big
Bessemer’s Alex Ferrara called Paraglide an “AI king maker” for finance. Cash is king in business, and faster collections unlock it. DN Capital’s Thomas Rubens sees it as the dawn of “systems of action” – AI that doesn’t just watch, but executes.
The timing is perfect. Agentic AI is exploding, and finance ops lag behind customer service. Paraglide is modernizing a painful spot: AR eats time and ties up cash. With this funding, expect more features, hires, and European growth.
The Bigger Picture for Finance Tech
Paraglide joins a hot wave of AI startups tackling finance drudgery. Think automating what humans hate: endless emails, disputes, chases. Security is tight – enterprise-grade, compliant, with controls so you decide what agents do.
If you’re in B2B finance, this could be your next move. Book a demo on their site and see how it syncs with your stack. The future of AR? It’s agent-powered, conversational, and way faster at getting you paid.
Aiko Tan is a Staff Writer at futureTEKnow, covering AI research, multimodal models, and the fast‑moving AI startup scene across Asia‑Pacific.
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