ZenStatement, an AI-powered finance automation and cashflow management platform, has successfully raised $1.62 million in a seed funding round. The round was led by 3One4 Capital and Boldcap VC, with participation from Dynamis Ventures and Atrium Angels. The startup also attracted investment from prominent angel investors and industry leaders, including Michael Boyd (ex-Global Treasury Head, Apple), Chetan Venugopal (Founder, Pierien Services), Ankit Nagori (Founder, EatFit), Kulin Shah (Founder, Onsurity), Ankit Fatehpuria (Founder, Zetwerk), and Sujayath and Navaneeth (Founders of Shop-up and Voonik).

ZenStatement plans to use the funding to expand its product offerings, enhance its sales and marketing efforts, and boost its presence in both Indian and international markets.

Founded in 2023 by Sourabh Nolkha and Ankit Narsaria, ZenStatement (formerly SimpliFin) is designed to help businesses monitor, optimize, reconcile, and forecast cash flows with the aid of AI-driven insights. The platform enables users to gain valuable financial insights through natural language queries, streamlining cash flow management.

In just one year of operation, ZenStatement has attracted a strong customer base that includes unicorns and leading companies across sectors such as digital commerce, retail (including F&B), and fintech. The platform currently manages approximately 10 million transactions, totaling around $60 million, each month.

With its new funding, ZenStatement is poised to scale its operations and further strengthen its position in the rapidly evolving financial automation landscape.