Tesorio, a company specializing in automating accounts receivable workflows for mid-market accounting and finance teams, has raised $17M in a Series B financing led by BAMCAP Ventures.
The funding will help expand go-to-market strategies, and further product development, focusing on accelerating time to value and expanding accounts receivable capabilities.
The company has shown considerable growth, with over 130 customers managing $23 billion in A/R and three consecutive years of triple-digit growth, largely through word of mouth.
New executive leadership team members include Chief Sales Officer Mark Bartlett and VP of Marketing George Coughlin, aiming to enhance sales and marketing strategies.
Tesorio completed the first phase of its product vision for cash flow performance, developing new tools like A/R Forecast and CashApp, and plans to work on faster onboarding and deeper financial system integrations.

Tesorio offers a Cash Flow Performance Suite that enhances how businesses handle their accounts receivable (AR) processes. By automating collections, it improves days sales outstanding (DSO) and increases cash flow from balance sheets. Tesorio integrates with existing ERPs and other data sources, providing a unified view for financial decisions and operations. The platform allows for quick implementation, promising ROI within three months. With real-time insights and streamlined payment handling, it empowers teams to focus on strategic work and improve client interactions. Tesorio's solution helps in accurately predicting cash flow, improving customer satisfaction, and automating cash application.

Tesorio

Tesorio streamlines AR processes, improves cash flow and DSO automation.

Tesorio Secures $17M in Series B Funding Round

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