Profluo
“Can an AI-native invoice automation platform replace BPM-based AP workflows in enterprise finance teams?”
Founded2016
HQBucharest, Romania
FoundersBogdan Nafornita
Total raised~€625,000
Latest roundSeed extension, 2023
IndustryHorizontal SaaS / Finance Automation (AP/Invoice)
The story
Founded 2016 in Romania as an ML-based invoice processing solution, Profluo has evolved from OCR/document extraction toward an Agentic AI platform for enterprise finance operations (P2P, O2C, R2R). The company positions itself as a 'digital accountant' automating invoice ingestion, validation, accounting entries, and ERP posting — with a strong focus on e-invoicing compliance (UBL/EDIFACT) for Romania and the EU. Not an embedded finance provider itself, but an AI layer sitting above ERP and accounting systems.
Last 12 months
Product timeline
2016
Founded in Romania to automate accounting document processing with ML· pivot
2022
Seed round from Early Game Ventures· banking
2023
Seed extension bringing total to €625,000; expanded team with AI experts· banking
2025
Launched Agentic AI engine for invoice automation (event-driven finite state machine)· pivot
The stack
1 layer disclosed in Profluo’s embedded-finance stack
Accounting
ERP (generic pre-built connectors)
Accounting gap: none