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YayPay raises $5.3 million for its accounts receivable service

YayPay raises $5.3 million for its accounts receivable service
From TechCrunch - September 13, 2017

A couple of years after participating in TechCrunchs Startup Battlefield, YayPay is raising $5.3 million from QED Investors, Birchmere, Fifth Third Capital, as well as 500 Fintech Fund, Aspect Ventures, Gaingels, Techstars and Zelkova.

YayPay is trying to optimize the workflows in your companys finance department. In particular, too many mid-sized companies waste a ton of time chasing money because of unpaid invoices. YayPay lets you track all those invoices, check the status and the service helps you remind them that they have to pay.

More recently, the company introduced cash flow forecasts. YayPay looks at previous invoices and predict the potential day of your payment. This way, you can know when you should be paid, and you can predict how much money youre going to have in your bank account.

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