Paraglide closes €4.2M to automate accounts receivable
Swedish startup Paraglide has raised €4.2 million to develop autonomous AI agents designed to transform how finance teams manage accounts receivable. The fresh capital will support product development, hiring and international expansion as the company targets mid-market and enterprise customers struggling with late payments and manual collection processes.
AI agents for faster cash collection
Paraglide is building software that connects to existing ERP and billing systems and then deploys specialized AI agents to handle routine receivables tasks. These agents can segment customers, prioritize outreach, send tailored reminders, suggest payment plans and flag high-risk invoices before they become severely overdue.
By automating much of the day-to-day work, Paraglide aims to reduce days sales outstanding (DSO), improve cash flow forecasting and free finance teams from repetitive email chasing and spreadsheet updates. The platform uses machine learning to learn from historical payment behavior and continuously refine strategies for each customer account.
Targeting a persistent B2B pain point
Late payments remain a structural issue in B2B payments, with many companies tying up significant working capital in unpaid invoices. Traditional collections tools often rely on static rules and generic reminder sequences, delivering limited impact on recovery rates.
Paraglide positions its AI-driven workflows as a smarter layer on top of existing finance stacks, promising more personalized communication and better timing. For CFOs and finance leaders, the startup pitches a way to increase liquidity without resorting to external factoring or aggressive collection agencies that can harm customer relationships.
Scaling product and go-to-market
The new funding will be used to deepen integrations with major accounting platforms, strengthen the company’s data security and compliance capabilities, and expand sales across Europe. Paraglide is also expected to invest in advanced analytics dashboards, giving finance teams clearer visibility into collection performance and customer risk profiles.
As enterprises look to modernize their finance operations, solutions like Paraglide illustrate how AI automation is moving from back-office experimentation into core revenue and cash management functions.