Daylit raises $110m to build AI Agents for Accounts Receivable Intelligence

On its mission to build the future of working capital, Daylit raised $110 million in equity and debt to roll out AI agents to support A/R.

Jared Shulman
September 16, 2025

BOSTON — Sept. 18th, 2025 — Daylit, an all-in-one working-capital platform for real economy businesses, raised $110 million in equity and debt to roll out AI agents to support A/R and deliver capital at customers’ fingertips.

The round was led by Companyon Ventures with participation from firms such as NextView Ventures, and SixThirty Ventures and joined by executives from Meta, Free Pier Advisors, and Yelp along with a credit facility from Viola Credit.

Daylit, formerly known as Lendica, has financed hundreds of millions of dollars in invoices and helped thousands of privately held businesses, primarily manufacturers and specialty contractors, speed up customer collections and delay vendor payments through its tech-enabled working capital products. The new capital will expand Daylit’s U.S. footprint and launch AI accounts receivable (”A/R”) agents to help with aging receivables.

“Business owners and CFOs ask the same question every week: What’s going on with that account?” said Jared Shulman, Daylit CEO and co-founder. “A/R data is messy and scattered across ERP exports, email inboxes, and sticky notes. Our agents can help pull that puzzle together so finance teams can efficiently track A/R, accurately plan cash flow, and tap cheaper working capital.”

“Our agents are designed to streamline mundane tasks in the A/R department,” adds Jerry Shu, Daylit co-founder and CTO. “This means freeing up finance teams’ time for more planning and working capital strategy.”

Daylit’s platform includes FundNow to accelerate payments from slow-paying customers, PayLater to extend time to pay vendors when cash is tight, and OfferTerms to give business customers flexible payment options. Daylit is now launching AI agents for several A/R use cases to save businesses time and money across working capital cycles.

Insights

You might also like...

Daylit vs. Billtrust: AR Automation Compared for Mid-Market Teams
Billtrust publishes a go-live number for one module and nothing for the rest of the platform. Here's the full comparison, including where Billtrust actually has the edge.
Read more
Daylit vs. Billtrust: AR Automation Compared for Mid-Market Teams
Report
Your Dispute Categories Aren’t Broken. They’re Not Yours.
Every dispute lands in the same generic bucket today, no matter what it's actually about. Here's how Dispute Reasons routes each one by your own categories, automatically.
Read more
Your Dispute Categories Aren’t Broken. They’re Not Yours.
Accounts Receivable Automation
Daylit vs. HighRadius: AR Automation Compared for Mid-Market Teams
HighRadius runs on a decade of enterprise history. Daylit runs on days, not quarters. A row-by-row look at where each one actually holds up, sourced from each company's own published materials, with Gartner, IDC, and Forrester validation cited where HighRadius provides it.
Read more
Daylit vs. HighRadius: AR Automation Compared for Mid-Market Teams
Report
No items found.