Tersorio Gains New Funding for Accounts Recieveable Platform

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Tersorio, a Burlingame, CA based startup announced it raised new funding to automate the accounts receivable process.

The startup announced it has raised $10 million in Series A funding from Mandrona Venture Group which lead the funding in this round. Supporting investors in this round includes Y Combinator, Fathom Capital, First Round Capital, Floodgate, and Fuel Capital.

Tersorio was founded in 2015 by Carlos Vega (CEO) and Fabio Fleitas (CTO). The company’s AI based platform lets financial teams manage, predict and receive cash flow. It’s current customers include Couchbase, Unified and Instructure.