EzyCollect

EzyCollect Pty. Ltd. , based in Sydney, Australia, specializes in accounts receivable automation software to streamline invoicing and payment collection for businesses, enhancing operational efficiency and cash flow management. EzyCollect Pty.

Ltd. is an Australian company that provides solutions for accounts receivable management. Founded in 2011 in Sydney, Australia, the company was co-founded by Arjun Singh, Jimmy Cooper, and Raj Kuckreja. As of August 25, 2021, EzyCollect raised USD 6.

2 mn in a PRE-IPO funding round led by Bombora Investment Management. With a total of USD 6. 2 mn raised, the company has successfully executed 3 funding deals. EzyCollect specializes in accounts receivable automation software designed to enhance the efficiency of invoicing and payment collection for businesses.

Their platform includes features such as automated invoice distribution, payment reminders via email and SMS, a self-service customer portal for payment processing, and access to credit scores and detailed reports for U. S. -based businesses. It effectively addresses issues related to overdue payments and inefficient customer communication, helping over 1,500 clients across sectors like business services, construction, e-commerce, food and beverage, manufacturing, retail, and wholesale, particularly in Australia, New Zealand, and the United States.

EzyCollect operates on a subscription-based revenue model, providing clients with access to its accounts receivable automation software through tailored pricing plans. The company engages with a range of clients from small businesses to larger enterprises, facilitating seamless integration with existing accounting systems. EzyCollect's features automate payment reminders and follow-ups, significantly improving cash flow and efficiency for its users, which include various pricing plans and service details that accommodate businesses of all sizes. In August 2021, EzyCollect raised USD 6.

2 mn in PRE-IPO funding to support its growth initiatives. The company intends to expand its product offerings and is currently developing new features to enhance its platform. EzyCollect is also targeting expansion into new markets, including the Asia-Pacific region, by 2023, aiming to leverage its existing technology to serve a broader client base. The recent funding will be utilized for product development and market entry strategies to achieve these objectives.