Spendflo is an AI-native procurement orchestration platform that helps fast-growing and enterprise companies bring structure, visibility, and control to how they buy and manage vendors. Founded in January 2021 by Siddharth Sridharan (CEO), Ajay Vardhan (CTO), and Rajiv Ramanan — three Chennai-born founders who met at Northwestern University and were part of Accel India's first Atoms pre-seed cohort — Spendflo automates intake-to-procure workflows, centralizes vendor and contract management, and pairs AI agents (Flo AI) with embedded procurement expertise to negotiate better deals. The company has raised $15.4M total, including an $11M Series A (April 2023) led by Accel and Prosus Ventures, and now analyzes $4B+ in vendor spend, managing 300+ renewals every week for customers including Mindtickle, LambdaTest, Turo, ThoughtSpot, and Ottimate.

• Flo AI agents — Contract Analyst, Payables Agent, and Procurement Analyst
• Intake-to-Procure workflow automation
• Third-Party Risk Management (TPRM) and vendor onboarding
• Centralized contract repository and intelligence
• Pricing benchmarks drawn from $4B+ in analyzed vendor spend
• Managed Procurement (Procurement-as-a-Service) with embedded procurement experts
• Guaranteed, performance-aligned savings model
• Listed on the Coupa Marketplace and Sage Marketplace
• SOC 2 and GDPR compliant

Commission

15% of the first year's contract value if the deal closes

MDF

Not applicable

Pay per Lead

$1,000 referral bonus per lead once it qualifies on BANT criteria after the first call