ZenStatement: Reinventing Finance Automation for Modern Businesses
Founders & Vision
ZenStatement was founded in 2023 by Sourabh Nolkha, a Chartered Accountant with rich experience at Infosys, Deloitte, and Mensa Brands, and Ankit Narsaria, an engineer and IIM MBA alumnus who previously worked with Wipro and Juspay.
Their shared vision? To end the chaos of disconnected financial systems and manual, error-prone processes — empowering finance teams with automation and AI-driven insights.
The Idea & Backstory
Sourabh’s journey into the world of financial automation began in 2009 at Infosys, where he worked on Apple’s global treasury systems. This sparked a long-standing fascination with the financial supply chain. Years of tech consulting and CFO roles exposed him to the inefficiencies and frustrations of finance teams, particularly around what he calls the “CFO Stack” — the layers of repetitive, manual processes that drain productivity.
Meanwhile, Ankit brought in the product and tech expertise from his time at Wipro and Juspay. After gaining deep insights into the Indian startup ecosystem, the duo teamed up to build a solution — a unified, intelligent platform to simplify and automate financial operations.
Thus, ZenStatement (formerly known as SimpliFin) was born in Bangalore — a platform built to transform how businesses manage cash flows and financial analytics.
From Idea to Impact
ZenStatement’s AI-powered platform is designed for enterprises handling large volumes of transactions. It helps them:
- Monitor real-time cash flows
- Optimize treasury operations
- Reconcile accounts efficiently
- Forecast future financial positions
…all through natural language queries, removing the need for complex tools or deep financial software know-how.
Within just 12 months, ZenStatement was processing over 10 million transactions per month and serving leading unicorns and top digital commerce, retail, and fintech companies.
The Turning Point: Seed Funding
After pitching to over 100 investors, the founders’ persistence paid off in October 2024, when ZenStatement raised $1.62 million in seed funding. The round was led by 3One4 Capital and BoldCap VC, with support from:
- Michael Boyd (ex-Apple)
- Ankit Nagori (EatFit)
- Other strategic angel investors and finance domain veterans
Milestones & Growth Highlights
- ✅ $1.62M seed round raised in October 2024
- ✅ Platform now processes 10 million+ transactions/month
- ✅ Serving unicorns and top-tier digital brands
- ✅ Expanding product suite to cover more financial functions
- ✅ Scaling sales and marketing teams rapidly
- ✅ Gaining traction in Southeast Asia and LATAM markets
Where They Are Now
ZenStatement is fast becoming the go-to finance automation platform for enterprises in India. With powerful automation, AI analytics, and real-time financial visibility, ZenStatement is allowing finance teams to do what they do best: focus on strategic, high-impact work while leaving the grunt work to smart technology.
With global ambitions and a strong product roadmap, the future looks bright for this Bangalore-based disruptor.
In Short
ZenStatement, founded by Sourabh Nolkha and Ankit Narsaria, is quietly revolutionizing finance automation for modern businesses. From a vision forged in real-world pain points to a fast-growing AI platform trusted by industry leaders, ZenStatement is making finance teams more productive, insightful, and future-ready — one transaction at a time.