CashFlo, a comprehensive finance automation and compliance platform, has acquired Logitax, an all-in-one GST & E-invoicing Compliance platform for an undisclosed amount, solidifying its position as a leader in finance automation and compliance.
With this acquisition, CashFlo expands its product line to include a complete line of finance automation solutions in the area of accounts payable and receivable management.
CashFlo’s automation of accounts payable, payments and reconciliations, and invoice discounting services are strengthened by the integration of Logitax’s compliance suite, which expands the company’s customer base to include even more mid- and big corporate organizations.The whole Logitax team, including the leadership, will join CashFlo to further the development of financial automation in the future.
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Ankur Bhageria, CEO-Founder of CashFlo, commented, “This deal marks a significant step forward in our mission to transform how businesses in India pay and get paid, thereby fueling the country’s growth. Logitax’s mission to provide comprehensive GST compliance solutions resonates deeply with CashFlo’s commitment to revolutionizing B2B Payments, and their expertise and offerings complement ours, making Logitax the ideal partner for us. We’ve been working with them as our partners for several months now and we felt joining forces formally will significantly strengthen our position in the industry.”
Aditya Kulkarni, Director of Logitax added “Joining forces with CashFlo is a fantastic opportunity for Logitax and our customers. We have fast-tracked our vision of solving complex problems around Accounts Payable,B2B payments and embedded financing. With full stack invoice automation, payments, compliance and lending solutions, we look forward to strengthening relationships with our customers and bringing more value to them.
About CashFlo
Established in 2018 by Ankur Bhageria and Dushyant Agarwal, CashFlo is a one-of-a-kind AP automation and supply chain financing platform.
About Logitax
With its comprehensive, cost-effective, and legally compliant solutions, LogiTax is an all-in-one platform for GST compliance that enables businesses to expand.
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