The inbox-zero promise has been chasing finance teams for years. Now a Malmö-based startup thinks it has the answer—and it doesn't involve hiring more people.
Paraglide AI raised $5 million in seed funding in late January, money the company says will fuel its push to automate one of corporate finance's most stubborn headaches: chasing down payments. Co-led by Bessemer Venture Partners and DN Capital, with Born Capital and The Nordic Web Ventures joining the round, the investment signals growing confidence that so-called agentic AI—software that doesn't just suggest actions but executes them—might actually deliver where earlier automation efforts stumbled.
Founded in 2025 by two veterans of the Swedish sales tech scene, Paraglide deploys AI agents that handle the full lifecycle of accounts receivable. That means answering invoice questions, running collections conversations, extracting payment promises, even knowing when to escalate to a human. The pitch is simple, if ambitious: finance teams shouldn't be spending their days answering the same billing questions or drafting yet another payment reminder email.
Rasmus Areskoug, the CEO, and Andreas Åström, his co-founder, both come from GetAccept, a digital sales room platform where Areskoug served as CFO and Åström led engineering. It's the kind of background that lends credibility—they've lived the pain point firsthand. GetAccept has since become a customer, claiming it reached inbox zero within a week of deployment. (Whether that state held is, of course, another question entirely.)
The product integrates with the usual suspects in enterprise finance: NetSuite, SAP FI-AR, Sage, Microsoft Dynamics 365 Business Central. Paraglide sits on top as what the company describes as an "agentic execution layer," handling two-way email conversations in over 100 languages, retrieving documents, syncing updates back to core systems. It's designed to operate autonomously, though the company is careful to emphasize that exceptions still get routed to humans.
Early results, at least according to customer testimonials, suggest the approach has traction beyond marketing copy. Choco, a food supply chain platform, reported a 34% reduction in days sales outstanding—DSO, in finance speak—within two weeks of going live. A case study from implementation partner Noresca described the GetAccept deployment details, lending some third-party perspective to the claims.
Since closing the round, Paraglide has moved with notable speed on partnerships. In early February, it announced a tie-up with Zenskar, an AI-native billing platform, positioning the pairing as a joint "contract to cash" stack. There's also a connector partnership with Younium, a subscription management vendor, and the company has been publishing regularly on DSO reduction strategies and working capital optimization. It sponsored SSOW Europe and participated in the SSF UK Order-to-Cash network event in April—typical moves for a young B2B SaaS company trying to build credibility in a crowded space.
And crowded it is. The accounts receivable automation market is packed with established players: HighRadius, Sidetrade, Billtrust, Tesorio, Chaser, Upflow. Many of these platforms already promise to streamline AR workflows. Paraglide's differentiator, the founders argue, is true end-to-end execution rather than workflow assistance. Earlier waves of AR software, they contend, still require significant human oversight. Whether buyers see that distinction as meaningful—or marketing—will likely determine the company's trajectory.
Alex Ferrara, the Bessemer partner who joined the round, presumably saw enough to bet on the thesis. The firm has a long track record in fintech infrastructure, though it's worth noting that Bessemer's portfolio page doesn't always reflect the full picture of how involved partners remain post-investment.
The roughly €4.2 million (converted from the $5 million headline figure at the time of announcement) will fund product development, European expansion, and hiring. LinkedIn data suggested the company had around a dozen employees as of March, though headcount at startups this stage tends to fluctuate. Paraglide operates primarily out of Malmö but incorporated a UK entity—Paraglide AI Limited—in London mid-2025, signaling ambitions beyond Scandinavia.
For B2B companies, cash flow management remains a persistent pain point, perhaps more acute now than during the zero-interest-rate era when cheap capital papered over inefficiencies. If Paraglide can genuinely reduce DSO at scale without creating new headaches—customer alienation, compliance risks, the occasional AI hallucination sent to a CFO—it will have solved a problem worth considerably more than $5 million in seed funding.
The challenge, as with most AI-first startups right now, is execution. The technology is compelling in demos; the question is whether it holds up across hundreds of customers, diverse ERP configurations, and the inevitable edge cases that make finance professionals nervous about handing over the keys to an algorithm.
For now, Paraglide is in the prove-it phase. And in a market this competitive, the company will need to move faster than the payment cycles it's trying to accelerate.
