# Daylit

> Daylit, formerly Lendica, is a Boston company combining AI accounts receivable software with embedded working-capital financing. It connects finance systems and customer communications to support collections, dispute workflows and cash forecasting, alongside invoice financing, payment terms and credit products.

- **Founded:** 2020
- **Headquarters:** Boston, United States
- **Founders:** Jared Shulman (Co-Founder & CEO), Jerry Shu (Co-Founder & CTO)
- **Products:** Daylit Receivables Intelligence, FundNow, PayLater, OfferTerms, DrawDown
- **Notable:** September 2025 announcement of $110 million combined equity and debt financing., Company reports financing hundreds of millions of dollars in invoices by September 2025., Maintera case study reports approximately 80% current AR and collections workflows across two companies within weeks.

## Products & services

- **Daylit Receivables Intelligence** — AI agents for collections, disputes, invoice context and 13-week cash-flow forecasting across connected finance and communication systems.
- **FundNow** — Invoice financing: assign customer invoices, select advance terms, receive cash and repay Daylit over time.
- **PayLater** — Current product page describes customer payment plans, with upfront payment to the seller and customer repayment over time, up to 180 days.
- **OfferTerms** — Flexible customer invoice terms, with Daylit paying the seller upfront and collecting from the customer over time.
- **DrawDown** — Working-capital line of credit; fees on drawn amounts and no early repayment penalty, according to Daylit.
- **AI Skills** — Free finance training covering bank-to-invoice matching, invoice validation and dunning-email routing.

## Achievements

- September 2025 announcement of $110 million combined equity and debt financing.
- Company reports financing hundreds of millions of dollars in invoices by September 2025.
- Maintera case study reports approximately 80% current AR and collections workflows across two companies within weeks.
- Uptime Health Services case study reports nearly 50% more current AR without another collections hire.
- Launched a free AI finance-skills training program in April 2026.

## Latest updates

- **2026-10** — Published comparisons with Monk and Stuut on October 1.
- **2026-09** — Published granular auto-reply controls: templates, per-reply-type modes, draft review and pre-send checks.
- **2026-04** — Announced free AI Skills training April 27, with first session scheduled April 28.
- **2026-03** — Company’s April announcement says its AR AI agents platform launched in March.

## Links

- Website: https://www.daylit.com/
- LinkedIn: https://www.linkedin.com/company/thedaylit
- Twitter/X: https://x.com/daylit_ai
- YouTube: https://www.youtube.com/@daylit-ai

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Profile page: https://yespress.io/daylit
Published by YesPress — https://yespress.io
Last updated: 2026-10-04