Monto offers an AI‑driven platform that automates the full B2B invoice payment workflow for suppliers. Custom AI agents learn each buyer’s AP portal requirements, extract and validate invoice data, submit invoices, and provide real‑time status tracking through a unified dashboard, eliminating manual uploads and speeding cash flow.
Funding
$9M 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.
5OFounders
Product
Problem
Suppliers often must manually upload invoices to each buyer’s accounts‑payable (AP) portal, dealing with differing formats, validation rules, and frequent rejections. This manual process is time‑consuming, error‑prone, and limits visibility into payment status, leading to delayed cash flow.
Solution
Monto provides an AI‑driven platform that automates the end‑to‑end B2B invoice payment workflow. For each buyer, a custom AI agent learns the specific portal requirements, extracts and validates invoice data, and submits the invoice directly to the appropriate AP system. The platform continuously monitors portal status, updates invoice and purchase‑order information in real time, and surfaces a unified dashboard for suppliers to track payments and resolve exceptions. By handling portal integration, data verification, and payment retrieval automatically, Monto eliminates manual uploads, reduces rejection rates, and accelerates cash receipt without requiring IT resources.
Target Audience
Primary customers are B2B suppliers and finance teams that need to collect payments from enterprise buyers using diverse AP portals.
Features
- AI agents that adapt to the unique billing workflow of each buyer’s AP portal
- Automatic invoice extraction, validation, and formatting for 500+ supported portals
- One‑click invoice submission and real‑time status tracking across portals
- Unified dashboard displaying invoice, PO, and payment information with alerts for rejections
- Seamless ERP integration and secure API for inbound invoice ingestion
- Scalable architecture supporting thousands of connections across 67 countries
- Continuous learning engine that updates agents as portal requirements evolve