Moonflow, a startup specializing in debt collection management, raised $700,000 in a pre-seed round. Key participants in this round included Magma Partners, Salkantay Ventures, Amador Holdings, and Morro Ventures.
The funding will accelerate Moonflow’s customer acquisition and enhance the capabilities of its debt collections management platform.
Moonflow’s software streamlines and automates the debt collection process in Latin America by integrating communication infrastructure, payment gateways, and ERP integrations in one spot.
“We are working to enable any company to set up its collections department in just a few clicks, within the day, and powered by virtual agents,” said Facundo Turconi, Co-Founder and CEO of Moonflow.
The platform is designed for financial companies and businesses across various sectors that handle a high volume of accounts receivable.
Nathan Lustig, Managing Partner at Magma, commented on the investment decision, “Magma companies are already using Moonflow to improve their collections process, and more started using Moonflow’s product during our due diligence process, giving us great feedback that helped us decide to invest.”