Tesorio is a financial technology company specializing in a connected financial operations platform that empowers finance teams to manage, predict, and optimize cash flow with AI-driven automation and analytics. Founded in 2013 by Carlos Vega and Fabio Fleitas and headquartered in San Francisco, Tesorio focuses on streamlining accounts receivable (AR) processes and cash flow management for mid-sized to large enterprises, particularly those using ERP systems like NetSuite, Workday, Sage Intacct, and Microsoft Dynamics.
Tesorio was established to address the challenge of unpredictable cash flow faced by finance teams due to fragmented data and manual processes. Since the company's inception, it has developed an industry-leading AR automation solution and expanded to include comprehensive cash flow management, giving users unprecedented accuracy and real-time visibility into their financial data. The company has experienced strong growth marked by triple-digit revenue increases over consecutive years and has continuously expanded its product capabilities.
Seed round: $6.9 million in August 2018 led by Xplorer Capital.
Series A: $10 million in August 2019 led by Madrona Venture Group.
Real-time cash flow forecasting and visibility.
Accounts receivable automation that speeds collections and reduces days sales outstanding (DSO) by an average of 33 days.
AI-driven actionable insights to identify high-impact transactions and risks.
Automation of cash application, dunning (collections communication), and cash flow management processes.
Integration with major ERP systems for seamless data aggregation.
Tesorio as of the latest data. However, the company continuously expands its product line, including recent introductions such as A/R Forecast and Cash Application capabilities following its Series B funding. These expansions demonstrate Tesorio’s commitment to evolving its connected finance operations platform to cover more aspects of cash management comprehensively.
Post-Series B, Tesorio has focused on enhancing go-to-market strategies and broadening product offerings. New functionalities include improved AI-driven forecasting tools, enhanced automation for cash application, and tools that foster collaboration across finance, sales, and customer success teams to accelerate cash collections.
Tesorio values accuracy, collaboration, and productivity within finance teams. It fosters a culture of innovation and customer-centric product development, reflected in strong customer retention (98%) and high user satisfaction. The company emphasizes empowering finance leaders to make strategic decisions through connected, intelligent automation. It has been recognized for positive workplace culture and maintains a passionate, growing employee base across the Americas.
Tesorio serves mid-market and enterprise clients, including notable customers like Redis, Veeva Systems, Drift, and Couchbase. Its user base benefits from improved financial operations, reduced manual workloads, and enhanced cash flow visibility. The platform enjoys positive reviews on software review sites like G2 and is popular among best-in-class finance groups globally. The company maintains an active presence on LinkedIn and engages in community building through transparent communication and support.
