Magma invests in Moonflow to streamline debt collection in Latin America

December 1, 2023

February 23, 2021

We’re excited to announce our investment in Moonflow’s pre-seed round to support cofounders Facundo Turconi, Matias Fernandez, John Rodriguez, Anelsy Mendoza, and the Moonflow team to streamline debt collection in Latin America.

“We were impressed by how fast the Moonflow team executes and their focus on building a product their customers love. Several Magma portfolio companies began using Moonflow during our due diligence process and feedback was great across the board.” Juan Kontarovsky, Analyst at Magma Partners.

Debt collection software is expected to become a $10B market by 2030, but most existing solutions are outdated, have complex integrations, and onboarding new customers can take over 45 days. Moonflow drastically speeds up customer onboarding and seamlessly integrates with customer systems, simplifying account receivables management and reducing operational costs by up to 80%.

“We are working to enable any company to set up its collections department in just a few clicks, within the day, and powered by virtual agents,” said Facundo Turconi, cofounder and CEO of Moonflow.

Founded in 2023, Moonflow already operates in 22 countries, serving clients across all industries, including consumer goods, education, healthcare, and real estate.