FloBiz provides a mobile-first cloud platform that combines digital invoicing, expense tracking, and inventory management for SMEs in emerging markets. The app works offline on Android and iOS, syncs when connectivity returns, and offers real-time dashboards, tax‑ready documents, and barcode scanning, all secured with AES‑256 encryption.
Funding
$31M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TIFounders
Product
Problem
Small and medium-sized enterprises (SMEs) in emerging markets often rely on manual paperwork or fragmented tools for invoicing, expense recording, and inventory control, which leads to delayed cash flow, inaccurate bookkeeping, and limited visibility into business performance.
Solution
FloBiz delivers a mobile-first business management platform that unifies digital invoicing, expense tracking, and inventory management within a single cloud‑based application. The solution is optimized for low‑bandwidth environments and runs on Android and iOS devices, allowing owners and staff to operate from the field or a small office. Automated receipt capture and barcode scanning reduce data entry effort, while real‑time dashboards present cash‑flow, profit‑and‑loss, and stock‑level metrics in the local language and currency. Built‑in compliance modules generate tax‑ready invoices and inventory reports that meet regional regulations. Data are encrypted in transit and at rest, and the platform syncs offline entries automatically when connectivity is restored, ensuring continuous operation.
Target Audience
FloBiz targets SMEs operating in emerging economies—such as retail shops, micro‑manufacturers, and service providers—that need an affordable, mobile‑centric solution to digitize core financial and inventory processes.
Features
- Mobile‑optimized Android and iOS app with offline‑first architecture for unreliable internet connections
- End‑to‑end digital invoicing with customizable templates, automatic tax calculation, and QR‑code generation for payments
- Expense management with photo receipt capture, OCR extraction, and categorization by expense type
- Inventory module supporting barcode/QR scanning, real‑time stock updates, low‑stock alerts, and multi‑warehouse tracking
- Real‑time analytics dashboard showing cash flow, profit margins, and inventory turnover in local currency
- Secure cloud storage with AES‑256 encryption, role‑based access control, and regular data backups
- API connectors for local payment gateways and accounting software, enabling seamless data export and integration