NetNow Financial Inc.
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NetNow Financial Inc. - overview
Established
2022
Location
Toronto, ON, Canada
Primary Industry
Software
About
Founded in 2022 and based in Ontario, Canada, NetNow Financial Inc. operates as a provider of a modern trade credit automation platform that automates the credit and collections process for wholesalers and distributors. Nauman Hafeez (CEO) and Soroush Arghavan (CTO) are the co-founders of the company. In September 2024, NetNow Financial Inc.
raised USD 1. 8 million in pre-seed funding led by Ripple Ventures, including Centre Street Partners, Antler, Motivate Venture Capital, and Day One Ventures. The company offers a digital platform that transforms what once took days or weeks into a process that can be completed in minutes. The firm’s platform is designed to enhance efficiency and security, featuring a centralized dashboard for application management, real-time banking data updates, and ongoing credit risk monitoring.
This includes notifications on financial changes like non-sufficient funds (NSF) events, bankruptcy filings, and declining bank balances. NetNow integrates with ERP and CRM systems, providing onboarding of new customers, reducing days sales outstanding (DSO), and improving credit sales conversion rates by up to 60%. The organization plans to use the September 2024 funding to accelerate AI product development to simplify documents, analyze data, and generate risk scores and metrics.
Current Investors
Centre Street Partners, Day One Ventures, Ripple Ventures
Primary Industry
Software
Sub Industries
e-Financial, Accounting/Finance Software, Analytics & Performance Software, Application Integration Software
Website
www.netnow.io/
Verticals
Blockchain, Cloud Computing, FinTech
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
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