Fintech startup LiveFlow raises $3.5M seed to automate financial data flows
Fintech startup LiveFlow has raised a $3.5 million seed round, led by Moonfire Ventures with backing from Y Combinator, Seedcamp and WndrCo. Also participating was Victor Jacobsson, co-founder of Klarna; Bradley Horowitz, former VP Product at Google; Oliver Jung, former VP International Expansion at Airbnb, Phillip Chambers, Peakon founder & CEO; and others.
LiveFlow allows companies to sync real-time data from their accounting services, banks and payment platforms into their custom reports, thereby automating workflows, consolidating company accounts and allowing more company-wide collaboration.
Founded almost a year ago by CEO Lasse Kalkar, COO Anita Koimur (ex-Revolut) and CTO Evan O’Brien (ex-Web Summit), LiveFlow has most of its customers in the U.S., such as accounting firms like Ascent CFO, CFO Minded and TinyCFO -- as well as a handful of startups from Y Combinator.
Lasse Kalkar, co-founder and CEO, LiveFlow said: “In my previous companies, I felt the frustration of manually pulling together financial reports. That's where the idea for LiveFlow came from.”
Mattias Ljungman, founder and managing partner at Moonfire Ventures said: “LiveFlow provides a critical service by automating and streamlining the reporting process, giving businesses the visibility and real-time information they need to better manage their business.”