Israeli firm secures $9m to help companies collect pending payments

Gaviti, an Israel-based SaaS startup, has raised US$9 million in a series A round led by UK-based Flashpoint, with participation from Moneta VC, North First Ventures, TAU Ventures, and Leta Capital.

Gaviti CEO Yan Lazarev / Photo credit: Gaviti

Founded in 2018, Gaviti helps companies in collecting and managing their accounts receivable. Its platform can be integrated with any enterprise resource planning system used by its clients.

In a statement, the company said that it helped its clients in recovering US$6.2 billion in accounts receivable last year.

Gaviti is founded by Yan Lazarev and Alex Komarovsky, who previously served as a collections manager and engineer, respectively, in publicly-listed HR software firm Cornerstone OnDemand.

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The SaaS startup plans to use the fresh funding to create new features to make its collection process more efficient.