Wednesday, June 7, 2023
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Funding

Gaviti raises $9 million in a Series A funding round

Tech Gist Africa by Tech Gist Africa
04/12/2022
in Funding, Middle East and Africa, News - Middle East And North Africa
0 0
0
Yan Lazarev, Gaviti

Yan Lazarev, Gaviti

0
SHARES
Share on FacebookShare on Twitter

Gaviti, an automation solution that helps businesses collect and manage customer bills, has closed a $9 million Series A funding round led by UK-based Flashpoint and includes Moneta VC, North First Ventures, TAU Ventures, and LETA Capital.

Their technology enables businesses to manage their collections process using a user-friendly application, allowing them to access a key cash flow artery that would otherwise be clogged by numerous manual stages. 

Receivables are a company’s lifeblood.

However, collecting unpaid receivables for B2B organizations is a time-consuming procedure that requires company resources. 

Accounts receivable departments are in need of a software solution that is tailored to their specific requirements. 

Gaviti provides collections specialists with follow-up and workflow tools, similar to how sales teams use CRMs to handle communication and sales processes. 

Departments may speed up the collections process by automating Accounts Receivable collections with a first-of-its-kind purpose-built system, lowering stress on accounting while increasing cash flow. “This is a challenge that all businesses confront, but none of them have figured out how to solve it without putting pressure on employees and customers,” said Yan Lazarev, Gaviti’s co-founder, and CEO. “By automating normally inefficient manual operations, our clients were able to reduce the number of delinquent receivables by 35%.” 

Lazarev and his co-founder and CTO, Alex Komarovsky, established Gaviti to be the only firm that can seamlessly interact with existing ERPs using a single common language.

This enables a speedy onboarding process for new users and helps teams to see a return on their investment as soon as the new software is implemented. 

Gaviti will use this cash to expand its services. Komarovsky stated, “Our main focus remains to be coordinating with organizations to streamline this once time-consuming process.” “With this round of funding, we’ll be able to keep expanding and adding additional features to this more streamlined collection method.” 

“We are really delighted to partner with Gaviti, who provides businesses with global payment choices,” said Flashpoint Venture Capital Managing Partner Alexander Konoplyasty. “Gaviti’s support will assist hundreds of enterprises in going worldwide, increasing sales, and lowering total expenses.” We’ve been tracking their progress for a while and are confident in their future success.”

 

Read more on Tech Gist Africa:

Kooply taps into $18M from Microsoft and Others

Super app for Egyptian financial services Lucky has secured a $25 million Series A round of funding

Khazna, Egypt’s financial superapp, secures $38 million in Series A funding to accelerate growth. 

ShareTweetShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

PrestaFreedom Morocco
Funding

PrestaFreedom, a startup offering home services in Morocco, has secured US$1.1 million in funding

by Tech Gist Africa
06/05/2023
0

PrestaFreedom, a Moroccan startup that specializes in household subscriptions and other services for individuals, received $1 million in funding. Azur Innovation...

Read more
Meta has unveiled its Quest 3 virtual reality (VR) and mixed reality (MR) headset

Zofi Cash, a fintech startup in Uganda, has received pre-seed funding of $1 million

06/05/2023
Dawi Clinics Egypt

Dawi Clinics in Egypt raises $6.5 million to fund its expansion

06/01/2023
Egypt Entrepreneur Awards 2023

The third annual Egypt Entrepreneur Awards selected 35 finalists

06/01/2023
Tauriq-Keraan-CEO-TymeBank Tech Gist AFrica

Tyme, a South African digital bank raises $77.8 million

06/01/2023
Next Post
SmartWage South Africa

SmartWage raises $2 million to help South African businesses connect with their frontline employees.

Equinix Africa

Equinix expands into Africa with the completion of its US$320 million acquisition of MainOne

O7 Therapy Egypt

O7 Therapy, an Egyptian e-health firm, has raised $2.1 million in a seed round

No Result
View All Result

The Big 5

African Banker Awards 2023

The winners of the African Banker Awards for 2023 have been announced

by Tech Gist Africa
06/01/2023
0

...

Egypt Entrepreneur Awards 2023

The third annual Egypt Entrepreneur Awards selected 35 finalists

by Tech Gist Africa
06/01/2023
0

...

ygap South Africa’s accelerator 2023

The ygap South African Accelerator program is now accepting applications

by Tech Gist Africa
06/01/2023
0

...

Regulatory Tech Africa

Analyzing the regulatory climate in several African countries from the perspective of the technology sector

by Tech Gist Africa
05/22/2023
0

...

Africa Food Prize

The $100,000 Africa Food Prize is now accepting applications

by Tech Gist Africa
05/18/2023
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.