Paraglide, a finance automation startup modernising how companies manage accounts receivable, has raised a $5 million seed round to advance its AI-driven product and accelerate European expansion. The round was co-led by Bessemer Venture Partners and DN Capital, with participation from Born Capital and The Nordic Web Ventures, marking a strong vote of confidence in the growing role of agentic AI across finance operations.
Transforming AR With Two-Way AI Agents
Built for high-volume B2B finance teams, Paraglide introduces agentic AI capabilities to a workflow that has long relied on manual follow-ups and low-impact payment reminders. Instead of sending one-directional, templated chasers, Paraglide’s AI agents conduct full conversations with customers: responding to billing questions, following up on existing email threads, and taking actions across the financial stack to resolve issues.
These agents operate continuously across the entire AR lifecycle, helping teams reduce Days Sales Outstanding (DSO), drive faster payments, and streamline cash-collection processes. Early customers report significant improvements, including a 34 per cent decrease in DSO and “inbox zero” within their billing operations during the first week of onboarding.
Founders With Deep Finance and Engineering Roots
Paraglide was founded by former GetAccept CFO Rasmus Areskoug and former Head of Engineering Andreas Åström, both of whom witnessed firsthand the operational strain associated with high-volume accounts receivable. GetAccept, a Y Combinator-backed sales enablement platform, raised more than $30 million across its Series A and B rounds, giving the founders direct experience in scaling finance systems under pressure.
Areskoug describes the problem simply: traditional finance teams are overwhelmed. Many spend significant time responding to billing queries and repeatedly chasing unpaid invoices—tasks that are essential but highly repetitive.
“In customer support, AI agents are already transforming how high-volume conversations are managed. 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,” he said.
Solving a Persistent Pain Point for Mid Market and Enterprise
Paraglide has already attracted a strong early customer base, including mid-market and enterprise companies such as Choco, Ardoq, and Spiideo. The startup also maintains strategic partnerships, including one with Chargebee, the revenue automation platform.
Investors emphasise that the company is addressing a core operational challenge rather than a discretionary convenience. According to Bessemer’s Alex Ferrara, Paraglide’s AI agents help reduce DSOs while freeing finance teams to focus on more strategic work rather than constant follow-ups.
DN Capital partner Thomas Rubens added that 2026 marks the start of a new category of enterprise software: the “System of Action.” As he explains it, AI is evolving from passive observation into active execution using high-level context to carry out workflows autonomously. Paraglide, he said, is defining this category within finance.
Scaling Agentic Automation Across Europe
With fresh capital secured, Paraglide plans to expand its European presence and further develop its AI automation engine. Demand for agentic workflows is growing rapidly as finance teams look for ways to improve efficiency without sacrificing accuracy or customer communication quality.
The company aims to position itself as a foundational system for AR automation, enabling finance teams to operate with greater predictability and control. As adoption of AI accelerates across enterprise workflows, Paraglide sees its role as a catalyst in reshaping how modern finance teams manage conversations, resolve issues, and unlock working capital.