Tesorio

Accounts receivable software.

About

Founded

2013

Headquarters

San Francisco, California

Industry

Fintech

Company Description

Tesorio is revolutionizing the way businesses work together and grow through connected finance. The Tesorio Cash Flow Performance Platform replaces tedious and reactive cash flow forecasting and collections processes with accurate, real-time predictions, optimized workflows, and actionable insights based on behavioral trends. Finance teams are empowered to achieve breakthrough cash flow performance and predictability while improving customer experience and relationships.

Quick Links

WebsiteJobs

Funding

Total Raised

$33.9 million

Valuation

Undisclosed

Significant Investors

First Round Capital, BAMCAP, Madrona Venture Group, Floodgate, FundersClub, Hillsven, Mango Capital, Xplorer Capital, Carao Ventures, Y Combinator

Company Traction

  • From 2019-2021, Tesorio reported three straight years of triple-digit revenue growth.
  • As of May 2023, Tesorio claims a 33-day average days sales outstanding reduction, 3x collections productivity increase, and $200 million unlocked from balance sheets for Tesorio customers in the first 12 months.
  • Tesorio customers include Bank of America, Box, Domo, Couchbase, BlueJeans, Highspot, Veeva, and Smartsheet.

Leadership Team

  • Carlos Vega: Co-Founder & CEO of Tesorio. Former Co-Founder & Director of Elemento Factoring.
  • Fabio Fleita: Co-Founder & CTO of Tesorio. Former Co-Founder & President of PennApps Fellows.
  • George Coughlin: VP of Marketing at Tesorio. Former VP of Demand Generation at OneStream Software.
  • Koben Williams: Director of Business Operations at Tesorio. Former Director of Operations at iCracked.
  • Phoebe Caldwell: VP of Product Management at Tesorio. Former Senior Product Manager at Salesforce.

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