Financial services and infrastructure company, Flow, along with customer communications and intelligence platform, Thena, have collectively raised $15.2 million in funding to support their expansion plans and drive product innovation.
In a pre-Series A funding round, Flow secured $10.2 million led by Square Peg Capital, with participation from Moore Strategic Ventures, Lightspeed, and General Catalyst.
The raised funds will be utilized by Flow’s subsidiary, XFlow, to enhance its product capabilities, broaden support for various currencies and local payment methods, and expand its business in India. XFlow also aims to strengthen its team across key roles, including engineering, sales, marketing, and operations. The company expressed its intent to explore operational expansion beyond India’s borders, indicating a promising future ahead.
“XFlow has made it super simple for us, it handled our needs, volumes and edge cases quickly, seamlessly and compliantly,” said Anand Krishna, CEO and Founder of Inkle, a chat-based accountant product.
Thena, on the other hand, successfully raised $5 million in a seed funding round led by Lightspeed Venture Partners and First Round Capital. This funding will play a pivotal role in fueling product innovation and enabling Thena’s expansion efforts. With a total funding of $7.2 million to date, Thena aims to solidify its position as a leading customer engagement layer, helping businesses acquire, service, and grow their B2B customers on messaging platforms like Slack and Microsoft
“Thena’s vision of the future of all customer communication—from static to dynamic; from passive to real time; from manual to AI-first—was extremely compelling, and we are excited to get started,” said Hemant Mohapatra, Partner at Lightspeed Teams.
Together, the $15.2 million raised by XFlow and Thena will empower these innovative startups to propel their growth, develop cutting-edge solutions, and make significant contributions within their respective industries.