ZenStatement, an AI-powered finance automation platform, has raised $1.62 million in seed funding, led by 3One4 Capital and Boldcap VC, with additional support from Dynamis Ventures and Atrium Angels. The funding round also saw participation from notable business leaders, including Michael Boyd (ex-Global Treasury Head, Apple) and Ankit Nagori (Founder, EatFit), among others.
Founded in 2023 by Sourabh Nolkha and Ankit Narsaria, ZenStatement helps businesses manage high transaction volumes by automating cashflow management and financial analytics. Its AI-driven platform allows companies to monitor, optimize, and forecast cash flows, providing real-time financial insights via natural language queries. In just 12 months, ZenStatement has attracted unicorn clients and handles around 10 million transactions monthly.
With the new funding, ZenStatement plans to enhance its product offerings and expand its operations in India and internationally. CEO Sourabh Nolkha mentioned that by automating finance processes end-to-end, the company aims to help finance teams concentrate on more impactful activities. Co-founder Ankit Narsaria stated that they are developing the world’s first unified finance automation platform, designed to address the evolving needs of finance teams.
