Moonflow has successfully concluded its first financing round of USD$700,000, surpassing the initial goal, with prominent participation from major funds in Latin America, such as Magma Partners, Salkantay Ventures, Amador Holdings, and Morro Ventures.
The main purpose of this round was to provide the necessary financial resources to boost the acquisition of new clients and strengthen the capabilities of its collections management platform.
In just a few months since the start of its operations, the company has managed to establish itself in 10 countries in the region, including Brazil. Among its main clients are recognized companies such as Manpower, Galgo (formerly Migrante), Divibank, and Payjoy.
“Companies using Moonflow save up to 75% on operational costs and improve recovery rates, especially in the early stages of delinquency,” said Facundo Turconi, co-founder and CEO of Moonflow.
The software developed by Moonflow represents a pioneering advancement in Latin America by innovatively addressing the challenge of debt management, making a significant difference from conventional software.
Moonflow’s platform provides companies with all the necessary tools for conducting collection processes, including communication infrastructure, payment gateways, integrations with ERPs, among other functionalities.
“We love working with founders building technological infrastructure in Latin America. Magma’s companies are already using Moonflow to improve their collection processes before we invested.
“And more started using Moonflow’s product during our due diligence process, providing us with excellent feedback that helped us decide to invest,” emphasized Nathan Lustig, Managing Partner at Magma Partners.
All of this centralized in one place and fully pre-integrated into the solution, significantly streamlining implementation and providing noticeably superior results.
Moonflow presents itself as the ideal option for financial companies as well as those dedicated to goods and services, including the education sector, managing more than 1,000 accounts receivable monthly from individuals, or having at least 200 invoices pending from other companies.
“We are working to enable any company to set up its collections department in just a few clicks, in a day, and powered by virtual agents,” added Turconi, CEO of Moonflow.
