The startup provides a cloud‑native Procure‑to‑Pay platform that automates invoice capture, classification, and three‑way matching with AI, and includes built‑in compliance for e‑invoicing in 69 countries via Peppol routing. It integrates with major ERP systems through open APIs and pre‑configured connectors, and adds conversational AI analytics and virtual corporate credit‑card issuance to streamline accounts‑payable workflows for large and mid‑market enterprises.
Funding
$70M 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.
HFounders
Product
Problem
Enterprises with high invoice volumes still rely on manual data entry, disparate legacy systems, and fragmented compliance processes, leading to costly errors, delayed payments, and exposure to regulatory penalties across multiple jurisdictions.
Solution
The platform delivers a unified Procure‑to‑Pay (P2P) solution that automates the entire Accounts Payable workflow using machine‑learning models for invoice capture, classification, and three‑way matching. An embedded compliance engine continuously maps local e‑invoicing mandates—currently supporting 69 countries—and routes invoices through certified Peppol access points, eliminating the need for separate compliance tools. Seamless APIs and pre‑built connectors integrate the solution with major ERP suites, while a conversational AI analytics layer provides real‑time insights and natural‑language queries on AP performance. Role‑based access controls and end‑to‑end encryption ensure data security, and optional virtual credit‑card issuance supports automated payments. The result is a single, cloud‑native platform that reduces transaction costs, accelerates processing speed, and safeguards global regulatory compliance.
Target Audience
The solution is aimed at large enterprises and mid‑market organizations with complex, multi‑entity procurement operations, as well as finance and procurement teams that need end‑to‑end AP automation and cross‑border e‑invoicing compliance.
Features
- AI‑driven OCR and deep‑learning classification engine that extracts line‑item data with >98% accuracy, eliminating manual re‑keying.
- Automated three‑way matching that validates invoices against purchase orders and receipts in real time, boosting straight‑through processing rates.
- Global compliance middleware with country‑specific validation rules and automatic Peppol routing for e‑invoicing in 69 jurisdictions.
- Open RESTful APIs and pre‑configured ERP connectors (SAP, Oracle, Microsoft Dynamics) for bidirectional data flow and minimal integration effort.
- Conversational AI analytics (Q) that answers natural‑language queries and generates on‑demand dashboards without SQL expertise.
- Embedded virtual corporate credit‑card issuance for instant, tokenized payments directly from the AP workflow.
- Role‑based security, audit logging, and AES‑256 encryption to meet GDPR, SOC 2, and other regulatory standards.
- Scalable B2B marketplace that enables supplier onboarding on first invoice without requiring separate registration.