Moonflow, a Sheridan, WY-based startup specializing in debt collection management, raised $700,000 in a pre-seed round.
Investors in this round included Magma Partners, Salkantay Ventures, Amador Holdings, and Morro Ventures.
Magma Partners is an early-stage stage venture capital firm that helps the best Latin American entrepreneurs launch and scale in the US market. The firm invests pre-seed to Series A to support entrepreneurs in solving LatAm's biggest problems.
Founded in 2012, Salkantay Ventures is a venture capital firm based in Miraflores, Peru. The firm seeks to invest in the e-commerce, ad tech, health tech, artificial intelligence, and cybersecurity sectors.
Amador Holdings is an investment holding company providing growth capital and support to small and medium-sized businesses serving the urban middle classes. Founded in 2020 and is based in Ciudad de Panama, Panama.
Morro Ventures is a Puerto Rico-based institutional early-stage venture capital firm investing in technology companies with a focus on companies that leverage the growing Hispanic markets. Morro Ventures provides capital and resources to help entrepreneurs turn their ideas into successful businesses.
Moonflow Use of Funds
The company will use the funding to accelerate its customer acquisition and enhance the capabilities of its debt collections management platform.
Moonflow is a cloud-hosted collection software designed to integrate accounts receivable management into one place. The company's platform allows users to segment their portfolios, create personalized communications, schedule shipment flows, design special campaigns, create collection web pages, and make calls. Moonflow’s software streamlines and automates the debt collection process in Latin America by integrating communication infrastructure, payment gateways, and ERP integrations in one spot. The platform is designed for financial companies and businesses across various sectors that handle a high volume of accounts receivable.
Company: Moonflow LLC
Round: Pre-Seed Round
Funding Month: November 2023
Investors: Magma Partners, Salkantay Ventures, Amador Holdings, and Morro Ventures
Company Website: https://www.moonflow.ai/
Software Category: Collection Software