US fintechs Growfin and PTO Exchange secure seed funding

Software-as-a-Service (SaaS) fintech platform Growfin has raised $1.4 million in a seed round from 3one4 Capital and a group of angels. It has also announced its global launch “to transform how finance functions in business-to-business (B2B) companies track and collect payments from their customers”. Among its clients are Intercom, Whatfix, Darwinbox, Airmeet, Locus.sh, and MonetizeMore, and it plans to increase its customer base tenfold over the next year. This creates vacuums of information and countless workflow layers leading to a lot of inefficiencies in collecting payments,” says Aravind Gopalan, co-founder and CEO of Growfin. “Instead of having to rely on disparate systems that do not talk to each other, we have created an easy-to-use no-code platform that invites everyone concerned with an invoice payment, including the customer, to collaborate in one place where they all see the same information and help solve payment issues faster.” Seattle, Washington-based PTO Exchange, which claims to be “the only platform that allows employees to self-direct the value of their unused paid time off (PTO) for other needs and causes”, has secured an oversubscribed $5.4 million second seed funding round.