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Zenskar, a flexible billing platform for SaaS companies, raised $3.5 million in a seed round led by Bessemer Venture Partners, with participation from Shine Capital, Basecamp Fund and Converge. The funds raised will allow the company to invest in engineering talent, accelerate product development and advance its go-to-market plans.
“Our vision is to provide an integrated suite of financial products that seamlessly automate the entire quote-to-cash cycle, including CPQ, billing, accounting, accounts receivable management, usage measurement, analytics and forecasting. This round of funding provides We provide the impetus to accelerate our efforts as we embark on this ambitious journey,” said Zenskar co-founder Apurv Bansal.
Zenskar provides a flexible billing platform that enables SaaS companies to handle the complexities of pricing, including usage-based pricing, subscriptions, subtle discounts, credits, custom currencies, prepaid, postpaid, ramp transactions, and more. It also integrates with the entire stack including CRM, CPQ and ERP. According to the company’s statement, onboarding can be done by non-technical users and takes only a few days instead of the months required by traditional billing tools.
“We are excited to partner with Zenskar to fundamentally disrupt the offer-to-cash tool for SaaS companies. We are impressed with their deep understanding of customer pain points and their first principles innovation DNA to deliver a completely unique and flexible Billing software,” said Anant Vidur Puri, partner at Bessemer Venture Partners.
With a portfolio of more than 200 companies, Bessemer helps visionary entrepreneurs build a solid foundation to create important companies and supports them at every stage of their growth, according to the statement.