Paraglide raises $5M to bring agentic AI to accounts receivable, automating billing conversations and helping B2B finance teams get paid faster.
Paraglide, a startup building agentic artificial intelligence for accounts receivable, has raised a $5 million seed round co-led by Bessemer Venture Partners and DN Capital, with participation from Born Capital and The Nordic Web Ventures.
The company is targeting one of enterprise finance’s most persistent bottlenecks: the slow, manual, and often ineffective process of collecting payments. Built for high-volume B2B finance teams, Paraglide deploys AI agents that automate two-way billing communication across the entire accounts receivable lifecycle.
Unlike traditional AR tools that rely on one-way, templated payment reminders—messages that customers frequently ignore—Paraglide’s agents manage full conversations. They respond to billing questions, follow up within existing email threads, and take action across the financial stack, all while maintaining context and continuity. The goal is to reduce Days Sales Outstanding and improve cash flow without adding headcount.
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Paraglide was founded by Rasmus Areskoug, the former chief financial officer of GetAccept, and Andreas Åström, its former head of engineering. GetAccept, a Y Combinator–backed company, raised more than $30 million across Series A and B rounds. Having experienced the operational strain of accounts receivable firsthand, the founders set out to modernize a function that has seen little structural change.
Early traction suggests strong demand. Paraglide is already working with mid-market and enterprise customers including Choco, Ardoq, and Spiideo, and has formed partnerships with the revenue automation company Chargebee. Initial customers report an average 34 percent reduction in DSO and achieving “financial inbox zero” within the first week of onboarding.
“As a former CFO, I’ve seen finance teams drowning in billing queries and endlessly chasing invoices with reminders customers ignore,” said Areskoug, Paraglide’s co-founder and chief executive. “AI agents have already transformed customer support by automating high-volume, conversational work. That same shift is now coming to accounts receivable.”
Investors see the product as part of a broader transition toward execution-oriented enterprise software. Alex Ferrara of Bessemer Venture Partners said Paraglide’s AI agents reduce DSO while freeing finance teams to focus on higher-value, strategic work.
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Thomas Rubens of DN Capital described the moment as the rise of the “system of action,” where AI agents move beyond analysis to execute complex workflows with real operational context. “Paraglide is defining this category by solving a critical organizational pain point,” he said, adding that the company is well-positioned to change how businesses unlock cash and drive growth.
The new funding will support Paraglide’s expansion across Europe, as interest accelerates in agentic automation for finance operations.
