Chargezoom

About Chargezoom

Chargezoom operates as a financial technology firm specializing in accounts receivable (AR) automation for small and medium-sized businesses. The company was founded in 2019 by Matt Dubois, a four-time founder who drew upon his own frustrations with legacy payment processors to create a more intuitive and practical solution. Dubois's entrepreneurial journey is one of resilience, having overcome a difficult childhood, homelessness, business betrayals, and a stage four cancer diagnosis to build several successful companies. This background instilled in him a drive to build businesses that solve real, painful problems, which became the foundation for Chargezoom.

The company's core offering is an AI-powered, open payments platform designed to automate the entire AR lifecycle, including billing, invoicing, payment collections, and reconciliation. It targets the widespread challenge of manual, inefficient, and paper-based AR processes that lead to delayed cash flow. The business model is primarily Software as a Service (SaaS), generating revenue through tiered monthly subscriptions. Based in Salt Lake City, Utah, Chargezoom has established itself within the "Silicon Slopes" tech hub to leverage a more business-friendly climate.

The Chargezoom platform integrates directly with popular accounting software like QuickBooks, Xero, and FreshDesk, allowing businesses to retain their existing systems. Key features include automated invoicing with "pay now" links, recurring billing management, and automated payment reminders. A significant differentiator is its automation of Level 3 data processing for business-to-business (B2B) and business-to-government (B2G) transactions, which enriches transaction data to help clients qualify for lower credit card processing rates. The platform also provides a branded, self-service customer portal where end-customers can view invoices, make payments via credit card or ACH, and manage their account details 24/7. Since its initial $2 million seed round in 2021, Chargezoom has demonstrated substantial growth and has secured a total of $23.5 million in funding over three rounds, including a significant $11.5 million Series A in late 2024 led by Kickstart Fund.