Paraglide, an agentic AI product for accounts receivable (AR), today announced it has raised a $5 million seed round co-led by Bessemer Venture Partners and DN Capital, with participation from Born Capital and The Nordic Web Ventures. The funding will support Paraglide’s expansion across Europe as demand for agentic automation in finance operations grows.

Built for high-volume B2B finance teams, Paraglide deploys AI agents that automate two-way billing communication across the AR lifecycle. The agents respond to customers’ billing questions, chase overdue invoices, and take action across the financial stack to reduce Days Sales Outstanding (DSO) and improve cash flow.

Unlike traditional AR tools that rely on one-way, templated payment reminders that customers often ignore. Paraglide’s AI agents manage full two-way conversations with customers to reply and follow up on existing threads in a personal and contextual way at scale.

The new funding will accelerate development of Paraglide’s AI-native platform for accounts receivable, as the company expands across Europe and brings agentic automation into finance teams.

Paraglide was founded by the former CFO and Head of Engineering of GetAccept (YCW16) which raised more than USD30 million across its Series A and B rounds, Rasmus Areskoug and Andreas Åström. Having experienced the operational burden of accounts receivable firsthand, the founders set out to modernise one of finance’s most persistent pain points.

Paraglide is already seeing strong early traction among mid-market and enterprise companies, with customers like Choco, Ardoq, and Spiideo, and partnerships including revenue automation company Chargebee. Initial customers report a 34% reduction in DSO and achieving financial inbox-zero within the first week of onboarding.

Rasmus Areskoug, Co-founder and CEO of Paraglide, commented:

“As a former CFO, I’ve seen finance teams drowning in billing queries and tirelessly chasing invoices with reminders that customers ignore. AI agents have already transformed customer support by automating high-volume, conversational work. That same shift is now coming to accounts receivable, where agents can handle billing conversations end to end and help businesses get paid on time.”

Alex Ferrara at Bessemer Venture Partners says:

“​There's a saying in business that cash is king, and if that's the case then Paraglide's ability to free up cash flow makes them an AI king maker for finance teams. Accounts receivable is an obvious area where generative AI can drive massive efficiencies. Paraglide's AI agent helps reduce DSOs and free the finance team up to work on more valuable, higher-level strategic projects."

Thomas Rubens at DN Capital says:

“This is the year of the 'System of Action,' where AI agents move beyond observation to execute complex workflows with high-level context. Paraglide is defining this category by solving a critical organisational pain point, reducing DSO, and we are thrilled to back a team that combines unparalleled experience with technological velocity to fundamentally change how companies unlock cash and drive growth.”