Moonflow, the platform offering tools for debt collection management, has raised a pre-seed funding round worth USD$700K. This funding, exceeding initial targets, includes contributions from funds like Magma Partners, Salkantay Ventures, Amador Holdings, and Morro Ventures. The goal is to expand client acquisition and enhance its collections management platform.
Since starting, Moonflow has expanded to 10 countries, including Brazil, with clients such as Manpower, Galgo, Divibank, and Payjoy. Facundo Turconi, Moonflow's co-founder and CEO, stated that users see a significant reduction in operational costs and improved recovery rates in early delinquency stages.
Moonflow's software offers a new approach to debt management in Latin America. It provides companies with essential collection tools, including communication infrastructure, payment gateways, and ERP integrations. This results in easier implementation and better outcomes.
Nathan Lustig, Managing Partner at Magma Partners, notes that feedback from Magma's companies using Moonflow was crucial in their decision to invest.
Moonflow is suitable for financial companies and others in goods and services, including education. It handles over 1,000 individual receivables and at least 200 invoices from companies monthly.
Turconi remarks, "We aim to make setting up a collections department quick and straightforward, even in a day, using virtual agents." Moonflow is focused on simplifying debt management with technology.
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