Swedish Startup Paraglide Secures €4.2 M To Build AI Agents For Accounts Receivable

The round was co-led by Bessemer Venture Partners and DN Capital, with participation from Born Capital and The Nordic Web Ventures.

Alex Ferrara at Bessemer Venture Partners commented, “​There’s a saying in business that cash is king, and if that’s the case then Paraglide’s ability to free up cash flow makes them an AI king maker for finance teams. Accounts receivable is an obvious area where generative AI can drive massive efficiencies. Paraglide’s AI agent helps reduce DSOs and free the finance team up to work on more valuable, higher-level strategic projects.”

Paraglide was founded by Rasmus Areskoug and Andreas Åström, former CFO and Head of Engineering at GetAccept, respectively. Drawing on firsthand experience with the operational challenges of accounts receivable, the founders set out to “modernise one of finance’s most persistent pain points.”

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Rasmus Areskoug, co-founder and CEO of Paraglide, said, “As a former CFO, I’ve seen finance teams drowning in billing queries and tirelessly chasing invoices with reminders that customers ignore. AI agents have already transformed customer support by automating high-volume, conversational work. That same shift is now coming to accounts receivable, where agents can handle billing conversations end to end and help businesses get paid on time.”

Paraglide is designed for high-volume B2B finance teams, deploying AI agents to automate two-way billing communications across the accounts receivable lifecycle. The agents respond to customer queries, chase overdue invoices and act across the financial stack to reduce Days Sales Outstanding (DSO) and improve cash flow.

Unlike traditional AR tools, which rely on one-way templated payment reminders often ignored by customers, Paraglide’s AI agents manage full two-way conversations at scale providing personal and contextual responses across existing threads.

The new funding will accelerate development of Paraglide’s AI-native AR platform, support European expansion, and bring agentic automation into finance teams.

Paraglide has gained early traction with mid-market and enterprise clients, including Choco, Ardoq, and Spiideo and partnered with revenue automation company Chargebee. Initial customers reported a 34% reduction in DSO and achieved inbox-zero for finance within the first week of onboarding.

About Paraglide

Paraglide builds AI agents for accounts receivable automating finance inboxes and customer invoice communications. The agents respond to queries, chase overdue payments and manage collections at scale, helping businesses reduce Days Sales Outstanding and improve cash flow. Paraglide AI the smartest way to get paid on time.