Fazeshift: Revolutionizing Accounts Receivable

Every year, enterprises waste $200 billion managing accounts receivable. Teams of up to 12 people spend countless hours manually reconciling payments, generating invoices, and chasing overdue accounts. It’s a problem hiding in plain sight, affecting businesses worldwide. That’s why we’re excited to announce our investment in Fazeshift’s $4 million seed round, led by Gradient Ventures.

When we first met Caitlin Leksana and Timmy Galvin, Fazeshift’s founders, their vision immediately resonated with us. They weren’t just building another automation tool – they were reimagining how businesses handle their entire accounts receivable process.

What sets Fazeshift apart is their sophisticated approach to AI implementation. Unlike traditional robotic process automation that struggles with complex workflows, Fazeshift’s LLM-powered system handles intricate billing scenarios with remarkable precision. Their AI agents don’t just process data; they understand context, manage complex billing workflows, send customer emails, and update accounting records – all while working within existing software tools.

The numbers speak for themselves. With 500 billion invoices sent annually, the market opportunity is massive. But more importantly, Fazeshift is already proving its worth, automating workflows that previously required entire teams to manage. Their platform seamlessly integrates with essential business tools across CRM, ERP, invoicing and payment systems, creating a unified solution that actually delivers on the promise of automation.

What truly convinced us was their laser focus on solving a specific, painful problem in enterprise finance. While others chase broad AI applications, Fazeshift has fine-tuned their technology specifically for accounts receivable processes. This specialized approach allows them to achieve the accuracy and flexibility required for enterprise-grade operations.

The enterprise back office is the perfect proving ground for AI’s next phase. It’s where complexity meets scale, where small inefficiencies compound into massive costs. The future of back-office operations is being reshaped by AI, and Fazeshift is at the forefront of this transformation. They’re not just eliminating tedious tasks; they’re fundamentally changing how businesses manage their cash flow. As investors focused on backing exceptional founders building enduring companies, we see in Fazeshift a team that combines technical excellence with deep domain expertise.

The future of enterprise operations won’t be built on incremental improvements. It will be shaped by technologies that fundamentally transform how businesses operate. That’s why we invested in Fazeshift. They’re not just solving a problem – they’re defining a new category in enterprise software, one automated workflow at a time.