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Tesorio
AR automation and cash flow forecasting
- 21-100 employees
- B2B
- Financial Services
- SaaS
- Accounting
- Automation
- Ingold - Milldale, Burlingame, CA
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Company mission
To change the way the world does cash flow.
43% employee growth in 12 months
Our take
Detailed tracking and analysis of a company's cash flow is essential to reducing spending and identifying financial opportunities, yet many companies are not utilizing the modern financial technology available for optimal analysis. The majority of businesses currently track cash flow through Excel spreadsheets, a workflow that is tedious, time-consuming and requires staff for manual data entry.
Tesorio provides a financial dashboard for businesses that uses AI to closely aggregate and analyze financial data sources to automate the cash flow forecasting process. The platform prevents the need for data sources to be investigated individually, interconnecting them to reduce the amount of time spent and increase the level of detail companies can access regarding their financial activity.
Many fintech startups are employing AI automation in order to optimize the analysis of financial data, but Tesorio has taken a unique approach by focusing on aggregating all financial data points prior to analysis. The company claims that its platform saves an average of 90% in time spent on cash flow forecasting, whilst doubling productivity levels of collection teams.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Competitive salaries & stock options
- Team events, awesome coworkers, plenty of snacks and cool Tesorio swag
- Paid vacation, sick time, company holidays (including your birthday!)
- Comprehensive Health Insurance (Medical, Dental & Vision)
- 401(k) Plan
- Health & Wellness stipend
Funding (last 2 of 3 rounds)
Jul 2022
$17m
SERIES B
Aug 2019
$10m
SERIES A
Total funding: $33.9m
This company has top investors
Leadership
Carlos Vega
(CEO)Received an MBA from Wharton before working as an Analyst at Barents Re. They were an Investment Banking Associate at Lazard, and also co-founded financial services company Elemento Factoring.
Fabio Fleitas
(CTO)A University of Pennsylvania and Y Combinator graduate who co-founded the PennApps Fellows program. They are a Mentor at First Round Fast Track.
Articles
Jobs (2)
Software Engineering