FinTech Platform Agree Secures $7.2M Seed Funding to Revolutionize E-Signatures and Payment Solutions
Agree, an innovative FinTech startup based in the United States, is revolutionizing the way businesses handle contracts by combining e-signature, invoicing, and payment processing into a single, integrated platform. This transformative solution aims to simplify the contract management process for businesses, ultimately leading to increased revenue efficiency.
Funding and Growth of Agree
Recently, Agree successfully secured $7.2 million in a seed funding round led by Pelion Venture Partners with notable contributions from Blank Ventures and angel investor Gokul Rajaram. This funding follows a $3 million pre-seed investment spearheaded by Better Tomorrow Ventures, along with continued support from various investors including 8-Bit Capital, Trust Fund, Hustle Fund, Everywhere Ventures, Singh Capital Partners, and Firsthand VC.
Innovative Business Model
Unlike traditional e-signature tools, Agree offers a unified solution that allows users to finalize contracts and receive payments on the same platform. This eliminates tedious manual processes and significantly streamlines accounts receivable operations. Some key features of Agree include:
- Free e-signature services
- Integrated billing and invoicing features
- Advanced accounts receivable automation
- AI-powered workflows and multiplayer functionality
- Seamless integration with accounting and CRM platforms
Rapid User Adoption
Since its launch less than a year ago, Agree has demonstrated impressive growth. The platform attracted 1,000 users within the first 30 days, reached 10,000 users within three months, and recently surpassed 30,000 users in just six months.
CEO Insights on Success
Marty Ringlein, the CEO of Agree, attributes much of the startup’s success to the use of artificial intelligence, stating, “With a team of only seven leveraging the latest AI tools, we’re able to compete head-to-head with DocuSign’s 7,000 employees to deliver a better, faster, and cheaper experience. The next version of DocuSign won’t look anything like DocuSign.”
Industry Perspectives
Sheel Mohnot, a partner at Better Tomorrow Ventures, emphasized the significance of Agree’s solution, saying, “They’re solving a huge pain point for us, our portfolio companies, and just about any business that moves the majority of its revenue through contracts. We believe that everything is fintech, including e-signature.”
Lead investor Tyler Hogge noted, “What Divvy did for accounts payable, Agree is doing for accounts receivable. While at Bill.com, I saw firsthand the enormous opportunity ahead for streamlining AR automation.”
For more information on how fintech is reshaping business operations, check out our article on FinTech Innovations and explore the future of digital contracts.
