Paystorm

Overview

Paystorm is an AI-powered accounts receivable platform founded in 2022 and listed among New York City AI companies [1]. The platform automates invoice collection, payment follow-up, and cash flow tracking while providing risk analysis and forecasting [2]. Its features include invoice analysis, client risk analysis, payment-history categorization, receivables health scoring, cash flow forecasting, board-ready reports, and a client portal for invoice downloads and payment [4]. Paystorm offers four pricing tiers ranging from a free version to Paystorm CFO at $139 per month [5]. The company targets professional services, accounting and financial services, wholesale and distribution, light manufacturing, education and training providers, construction and real estate services, logistics and transportation, and healthcare and medical supply chains [8]. According to the company, customers have reported collecting $1.3M through Paystorm AI suggestions, saving 80% of time resolving overdue invoices, and achieving 3x faster average payment turnaround [6].

The platform covers invoice analysis, client risk analysis and payment-history categorisation, receivables health scoring, cash flow forecasting, board-ready reports and a client portal for invoice downloads and payment. [4]

Paystorm is sold in four tiers: Paystorm Free, Paystorm Light at $15/month billed annually, Paystorm Growth at $59/month and Paystorm CFO at $139/month. [5]

Business address: 169 Madison Ave, New York, New York, 10016. [10]

Growth & traction

Paystorm claims "$1.3M Collected through Paystorm AI suggestions", "80% Time saved resolving overdue invoices" and "3x Faster average payment turnaround". [6]

Paystorm's about page names four founders: Synim Selimi, Diellëza Galica, Tomor Pupovci and Lorik Mullaademi. [9]

Customers

Paystorm names KidsDay (improved collections by +14%), Sogody (+12%) and Azenco (+11%) as customers giving testimonials. [7]