Today, it is a very manual and error-prone process that makes compliance especially challenging for small and medium-sized businesses (SMBs), which typically receive bills, contracts, and other documents in a variety of often unorganized ways, that may not have the staff or systems to manage data entry and approvals across multiple communications channels. "The traditional processes are inefficient and arduous, preventing timely payments and using up valuable employee resources while also negatively impacting cash flow management." By focusing on SMBs doing business in Mexico, Flexio is providing a much-needed service for an underserved market," stated Amy Cheetham, Partner at Costanoa Ventures. Costanoa invests in enterprise software at Seed and Series A with a focus on Applied AI, SaaS, FinTech, Security, DevOps, and Data infrastructure. Costanoa seeks to be a long-term partner to entrepreneurs building durable companies that leverage data to solve complex business problems.