ZenStatement - About the company
ZenStatement is a seed company based in Bengaluru (India), founded in 2023 by Ankit Narsaria and Sourabh Nolkha. It operates as a Developer of artificial intelligence software for managing business financial operations. ZenStatement has raised $1.62M in funding from investors like BoldCap, 3one4 Capital and Smile Group, with a current valuation of ₹*****. The company has 20 active competitors, including 3 that are funded. Its top competitors include companies like SmartRecon Technology, BeeWorks and Smart Concil.
Company Details
Developer of artificial intelligence software for managing business financial operations. This platform centralizes financial data from multiple sources to automate reconciliation, payout management, and cash flow forecasting. It integrates with payment gateways and accounting systems to provide visibility into revenue and expenses. The software identifies discrepancies, detects duplicate payments, and streamlines order-to-cash workflows for high-volume commercial entities.
- Website
- zenstatement.com
- Email ID
- *****@getsimplifin.com
- Registered Address
- A003, SALARPURIA SATTVA, MAGNIFICIA DOORAVANINAGAR, Doorvaninagar, Bangalore, Bangalore North, Karnataka, India, 560016
Key Metrics
Founded Year
2023
Location
Bengaluru, India
Stage
Seed
Total Funding
$1.62M in 1 round
Latest Funding Round
Post Money Valuation
₹***** as on Nov 05, 2024
Ranked
1st among 20 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
29 as on May 31, 2026
Legal entities associated with ZenStatement
ZenStatement is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
GETSIMPLIFIN TECHNOLOGIES PRIVATE LIMITED CIN: U62091KA2023PTC179007 , India, Active | Sep 22, 2023 | 0 - ₹10 Cr (As on Mar 31, 2025) | 29 (As on May 01, 2026) |
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ZenStatement's funding and investors
ZenStatement has raised a total funding of $1.62M over 1 round. Its latest funding round was a Seed round on Mar 26, 2024 for $*****. 52 investors participated in its latest round. ZenStatement has 13 institutional investors and 40 angel investors.
Here is the list of recent funding rounds of ZenStatement:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 26, 2024 | 6899706 | Seed | 4097767 | 1172154 | 1441016 | 2410839 |
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ZenStatement's founders and board of directors
Founder? Claim ProfileThe founders of ZenStatement are Ankit Narsaria and Sourabh Nolkha. Sourabh Nolkha is the CEO of ZenStatement.
Here are the details of ZenStatement's key team members:
- Ankit Narsaria: Co-Founder & CPO of ZenStatement and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address
- Sourabh Nolkha: Co-Founder & CEO of ZenStatement. They serve on the board of 1 company.Contact Info: 1 email address
ZenStatement's Board of Directors
ZenStatement's board has 2 active members. Ankit Narsaria and Sourabh Nolkha are part of team.Here is the list of ZenStatement's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 3y 0m | |
{{p{hsm | Team | - | Past | 4y 4m |
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ZenStatement's employee count trend
ZenStatement has 29 employees as of May 26. Here is ZenStatement's employee count trend over the years:
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ZenStatement's Competitors and alternates
Top competitors of ZenStatement include SmartRecon Technology, BeeWorks and Smart Concil. Here is the list of Top 10 competitors of ZenStatement, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  ZenStatement 2023, Bengaluru (India), Seed | Developer of artificial intelligence software for managing business financial operations | $1.62M | 46/100 | |
2nd | _1579837886720.png?devicePixelRatio=2&height=30&width=30){kind=logo} SmartRecon Technology 2017, Hyderabad (India), Unfunded | Provider of SMB focused software solutions | - | - | 41/100 |
3rd | Provider of solutions for reconciliation and payout management | - | - | 41/100 | |
4th |  Smart Concil 2017, Mexico City (Mexico), Seed | Web-based accounts reconciliation software for businesses | $500K | 31/100 | |
5th | Provider of automated reconciliation software solutions | $155K | - | 31/100 | |
6th | Provider of automated e-commerce financial reconciliation solutions | - | - | 31/100 | |
7th |  Photon 2020, San Francisco (United States), Funding Raised | API-enabled real-time payment solution for businesses | - | 30/100 | |
8th | Provider of mobile and web-based GST reconciliation and Tally software | - | - | 29/100 | |
9th | Provider of AI-driven data reconciliation software | - | - | 29/100 | |
10th | Online platform for tracking taxes | - | - | 27/100 |
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ZenStatement's Investments and acquisitions
ZenStatement has made no investments or acquisitions yet.
Reports related to ZenStatement
Here is the latest report on ZenStatement's sector:
News related to ZenStatement
•
ZenStatement Raises $1.62 Million in Seed Round led by 3One4 Capital and Boldcap VCOutlook Business•Oct 09, 2024•ZenStatement, 3one4 Capital, BoldCap, dynamis-ventures.com and 2 others
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