Paraglide AI announced it has raised $5 million to scale a platform that modernizes accounts receivable workflows with AI agents that help companies collect cash faster and reduce the manual workload on finance teams. The company said the round was co-led by Bessemer Venture Partners and DN Capital, with participation from The Nordic Web Ventures and Born Capital, and framed the funding as a step toward automating and making more predictable “getting paid on time” for businesses.
Accounts receivable remains one of the most labor-intensive parts of the finance function for many companies, particularly as transaction volumes increase and customer expectations shift toward faster, more conversational support.
Paraglide described a familiar scenario for many finance organizations: teams stuck fielding a steady stream of billing and invoice questions while simultaneously chasing down overdue payments. In practice, those two workstreams often collide in the same place, the shared finance inbox, where requests range from “Can you resend the invoice?” to “Why was I charged?” to “Can we extend terms?” Each interaction can require gathering context across systems, coordinating with internal stakeholders, and repetitive back-and-forth with customers, all while cash remains outstanding.
Paraglide said its AI agents are designed to address that bottleneck by automating responses to invoice-related questions and managing the collections process end-to-end. The company emphasized that its approach differs from traditional collection tooling that relies heavily on one-way outbound payment reminders and templated sequences. Instead, Paraglide said its agents are built to operate in a two-way environment, engaging customers in real-time conversations inside the finance inbox, handling questions, resolving blockers, and moving discussions toward payment completion. That conversational layer is intended to reduce the number of stalled invoices caused by unanswered questions, missing documentation, or misrouted requests that can otherwise sit idle until a human intervenes.
By focusing on two-way communication, the company positioned its agents as a way to close the gap between “nudge-based” collections and the reality that many delays come from issues that require dialogue. Paraglide’s framing suggests it is aiming to turn collections from a repetitive chasing function into a workflow where customer questions are resolved quickly, payment friction is reduced, and finance teams can spend more time on exceptions and higher-value tasks rather than routine follow-ups.
The company did not share customer names, revenue figures, or deployment metrics in the announcement, but it described the product as a response to a clear operational pain point: finance teams “drowning” in billing queries and relying on reminders that customers often ignore. If Paraglide’s agents can reliably resolve common invoice inquiries and manage the back and forth that typically consumes AR teams, the value proposition is straightforward: fewer manual touches per invoice, faster time to cash, and more consistent collections performance without needing to scale headcount at the same rate as transaction volume.
Paraglide said the new capital will support its broader mission to transform accounts receivable with AI agents. The investor roster indicates interest from both U.S. and European venture firms, with Bessemer Venture Partners and DN Capital co-leading, alongside The Nordic Web Ventures and Born Capital. The company also used the announcement to signal continued team expansion, saying it is hiring across engineering and go-to-market functions.
