# Spendflo

> Spendflo is an AI-native procurement platform that helps finance, IT, and procurement teams buy, manage, renew, and secure their SaaS stack. Co-founded in 2021 by Siddharth Sridharan, Ajay Vardhan, and Rajiv Ramanan, the company combines an intake-to-procure workflow engine with negotiation-as-a-service and a family of AI agents (collectively branded Flo) that automate contracts, approvals, vendor onboarding, third-party risk, and accounts payable. Spendflo has raised $15.4M to date, including an $11M Series A in 2023 led by Prosus Ventures and Accel.

- **Founded:** 2021
- **Headquarters:** San Francisco, California, United States
- **Founders:** Siddharth Sridharan (Co-founder & CEO), Ajay Vardhan (Co-founder), Rajiv Ramanan (Co-founder)
- **Team size:** ~140
- **Products:** Flo AI, Intake-to-Procure, Negotiation-as-a-Service, Contract Agent, Third-Party Risk Management
- **Notable:** Raised $15.4M total funding across two rounds., Grew customer count 5x and revenue 15x between 2022 and 2023., Claims 48% faster procurement cycles and 80% reduction in approval times for customers.

## Products & services

- **Flo AI** — The flagship AI agent platform automating intake, approvals, contracts, and accounts payable.
- **Intake-to-Procure** — A no-code workflow engine for SaaS purchase requests and approvals.
- **Negotiation-as-a-Service** — Human negotiators backed by benchmark pricing data who handle renewals and new buys on the customer's behalf.
- **Contract Agent** — Reads, summarizes, and tracks contract clauses, renewal dates, and obligations.
- **Third-Party Risk Management** — Automated vendor security and compliance reviews.
- **Supplier Onboarding** — Centralized vendor data collection, due diligence, and approvals.
- **Flash AI Agents** — Specialized agents including Contract Analyst, Payables Agent, and Procurement Analyst.

## Achievements

- Raised $15.4M total funding across two rounds.
- Grew customer count 5x and revenue 15x between 2022 and 2023.
- Claims 48% faster procurement cycles and 80% reduction in approval times for customers.
- Featured on the Category Visionaries podcast in 2024.

## Latest updates

- **2024-11** — Launched Flo AI, the company's AI-agent platform, alongside a brand refresh.
- **2023-04** — Closed $11M Series A led by Prosus Ventures and Accel.
- **2022-06** — Raised $4.4M seed to expand the SaaS buying platform.

## Links

- Website: https://spendflo.com
- LinkedIn: https://www.linkedin.com/company/spendflo
- Twitter/X: https://twitter.com/spendflo
- YouTube: https://www.youtube.com/channel/UCjWfB7Jl1sWgMn4X6YGretw
- Facebook: https://facebook.com/thespendflo

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Profile page: https://yespress.io/spendflo
Published by YesPress — https://yespress.io
Last updated: 2026-05-18