Fazeshift, an AI-native platform that deploys autonomous agents to carry out end-to-end accounts receivable workflows, has secured $17m in Series A funding, bringing its total capital raised to $22m.
The round was led by F-Prime, with contributions from Gradient — Google’s early-stage AI fund — alongside Y Combinator, Wayfinder, Pioneer Fund, Ritual Capital, and a number of prominent angel investors. The company intends to put the capital to work across product development, go-to-market expansion, and broader adoption among organisations seeking to overhaul how financial operations are carried out.
Fazeshift’s platform works across ERP systems, CRMs, email, and payment platforms, consolidating the context needed to run complete workflows from start to finish. Rather than flagging tasks or surfacing recommendations for human action, the agents directly carry out invoice generation, payment reconciliation, customer communications, collections, and system updates. Across its client base, the platform is currently handling more than 90% of manual accounts receivable tasks without human involvement.
The company has grown revenue 12 times over the past year and counts dozens of enterprise clients, among them eight unicorn businesses. Named customers include Sigma Computing, Snyk, Meter, and Clipboard Health, as well as one of the largest independent wholesale distributors in the south-east of the United States, the world’s leading e-commerce aggregator, and a global leader in music publishing. Fazeshift has delivered measurable financial outcomes across these deployments, including processing more than 9,000 customer communications in a single day and recovering $7.4m in cash within weeks of going live.
Accounts receivable is framed by the company as the first of several major functions it plans to address. Fazeshift’s longer-term ambition is to build out a broader CFO suite, working towards a model of autonomous finance in which core operational tasks are handled entirely by AI, while human teams concentrate on governance, agent oversight, and strategic priorities.
Fazeshift co-founder and CEO Caitlin Leksana said, “Finance teams are still spending days reconciling a single payment across hundreds of invoices, or logging into portals over and over just to check if something has been posted. This is critical work that remains largely unsolved by software. Fazeshift changes that by operating these workflows directly with AI – starting with accounts receivable, and helping teams transition to an AI-native way of working.”
F-Prime partner Rocio Wu said, “Revenue operations sit at the heart of every business, yet Accounts Receivable remains one of the most manual and underserved areas in finance, even as other parts of the CFO stack have modernized. The first wave of AR software relied on rigid, rule-based systems that still required so much manual intervention. With the rapid advancements in LLM and agent capabilities, Fazeshift is going after a massive, largely untapped opportunity with true automation thanks to its context and action layer that transforms financial workflows.”
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