Paraglide Secures $5M Seed Round to Automate Accounts Receivable With AI Agents

Paraglide has raised a $5 million seed round as it looks to modernize one of finance’s most manual and time-consuming functions: accounts receivable. The seed funding was co-led by Bessemer Venture Partners and DN Capital, with participation from Born Capital and The Nordic Web Ventures.

Announced from Malmö, Sweden, the round will be used to accelerate product development and support Paraglide’s expansion across Europe. The company is positioning itself at the intersection of finance operations and agentic AI, a space that is beginning to attract increased attention as enterprises look for automation that actually executes work, not just analyzes it.

Tackling a Long-Standing Finance Bottleneck

Despite advances in financial software, accounts receivable has remained stubbornly manual. Finance teams still spend a significant portion of their time replying to billing questions, following up on overdue invoices, and managing fragmented email threads that span weeks or even months.

Paraglide is built around the idea that this communication-heavy work is well suited to AI agents. Instead of relying on one-way, templated reminders, its platform deploys agents that manage two-way billing conversations throughout the AR lifecycle. These agents can respond to customer questions, follow up within existing threads, and adapt messaging based on context, history, and timing.

By treating billing communication as an ongoing dialogue rather than a sequence of reminders, Paraglide aims to reduce friction for both finance teams and their customers, while improving cash collection outcomes.

Early Traction at the Seed Stage

Although still early in its lifecycle, Paraglide is already working with mid-market and enterprise customers, including Choco, Ardoq, and Spiideo. The company says early adopters have reported an average 34% reduction in Days Sales Outstanding (DSO) after onboarding.

Beyond headline metrics, the operational impact appears significant. Several customers report reaching “financial inbox zero” within the first week, suggesting that a large share of inbound billing communication can be handled autonomously once the system is live. For finance teams under pressure to do more with fewer resources, that shift can free up time for higher-value work such as forecasting, stakeholder communication, and strategic planning.

Built by Operators Who Lived the Problem

Paraglide was founded by Rasmus Areskoug and Andreas Åström, formerly the CFO and Head of Engineering at GetAccept, a Y Combinator-backed company that raised more than $30 million across its Series A and B rounds.

Their experience scaling a fast-growing B2B company shaped Paraglide’s product philosophy. Rather than adding another reporting layer to the finance stack, the founders focused on execution—building AI agents capable of handling real operational tasks that typically fall on overstretched finance teams.

That operator-led perspective has helped position Paraglide as an AI-native system designed for high-volume B2B environments, where small improvements in collections efficiency can have an outsized impact on cash flow.

Investors Back the Shift Toward “Systems of Action”

For investors, the seed round reflects confidence in a broader shift underway in enterprise software. AI is moving from tools that surface insights to systems that take action. In finance, that transition has clear appeal: processes like accounts receivable are repetitive, rules-driven, and deeply tied to business outcomes.

Reducing DSO by even a few days can materially improve liquidity, especially for growing companies. By automating the communication layer of AR, Paraglide sits close to the cash flow engine of the business, making it an attractive target for early-stage investment.

The new funding gives the company runway to deepen its AI-native platform while expanding into additional European markets, where cross-border billing and complex customer relationships often add further friction to traditional AR workflows.

What Agentic AR Signals for the Future of Finance

Paraglide’s seed raise offers a glimpse into how finance teams may operate in the coming years. Agentic AI changes the role of software from passive support to active participant, capable of handling conversations, making decisions, and executing workflows with minimal supervision.

If this model continues to prove reliable, accounts receivable could be just the starting point. Similar agent-based systems could extend into payables, credit management, and order-to-cash operations, reshaping how finance organizations scale. Instead of growing headcount to handle volume, teams may increasingly oversee fleets of specialized AI agents, stepping in only for exceptions and strategic judgment.

At the seed stage, Paraglide represents an early but concrete example of this shift. Its progress will help test whether agentic AI can deliver not just efficiency, but durable trust in one of the most sensitive areas of enterprise operations: getting paid.