Fazeshift has secured an investment from Amex Ventures to help expand its artificial intelligence agent platform beyond accounts receivable and into additional finance operations, Fazeshift said in a Tuesday (Aug. 11) press release.
The investment from Amex Ventures, which is the corporate venture capital arm of American Express, builds on Fazeshift’s Series A that was announced earlier this year, according to the release.
The Series A, which was announced May 7, raised $17 million and brought Fazeshift’s total funding to $22 million, the company said at the time in a press release.
Fazeshift’s AI agent platform currently automates accounts receivable workflows such as invoicing, payment reconciliation and collections across the tools finance teams already use, per the release.
The new funding from Amex Ventures will support Fazeshift’s product development and team growth as the company expands its platform beyond accounts receivable and toward becoming “a CFO suite built for autonomous finance,” the company said in the release.
“This investment lets us move faster on our mission of giving finance teams their time back,” Fazeshift CEO and Co-Founder Caitlin Leksana said in the release. “We’re grateful to welcome Amex Ventures as an investor to continue our work building the future of enterprise finance.”
Amex Ventures Managing Director Margaret Lim said in the release: “We are excited to be backing Fazeshift as they continue to assemble a strong team and build out an expanding suite of agentic capabilities to modernize finance operations. Their AI-native approach and deep customer focus have delivered meaningful value to finance teams.”
When announcing its Series A in May, Fazeshift said corporate finance teams are undergoing a structural transition as AI technology shifts from a supplementary tool into an autonomous execution engine.
Fazeshift’s platform automates more than 90% of manual accounts receivable tasks for its users. As of May, the company had grown its revenue twelvefold and was serving dozens of enterprise clients, including eight billion-dollar “unicorn” startups. In one case, the Fazeshift platform’s AI agents automated more than 9,000 customer communications in a single day and helped collect $7.4 million in cash within weeks of its initial deployment.
Fazeshift’s seed funding round, which was announced in January 2025 and raised $4 million, was led by Gradient, which was Google’s early-stage AI fund at the time.