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Stampli raises $50 million in Series C to help companies intelligently manage invoices This morning Stampli, a software platform that optimizes corporate invoice management, announced a $50 million Series C financing round, led by Insight Partners with participation from Signal Fire and Nextworld Capital. The company launched in 2015 with the goal of simplifying the process of invoice management. Why is that needed? Services and software are purchased by employees of companies across a variety of departments. The resulting invoices then land in the finance department, a part of companies that can be a bit siloed. Finance is then left to determine a number of factors, like why something was purchased, whether it delivered and if the invoice should it be paid at all. ....
Israeli fintech co Stampli raises $50m The company has developed an AI-driven AP automation innovator, which helps CFOs control payments. Israeli fintech company Stampli today announced the completion of a $50 million Series C financing round led by Insight Partners, with participation from SignalFire, Nextworld Capital, UpWest, Hillsven, Bloomberg and Naver Corp. This brings the total funding raised by Stampli to over $87 million. Founded by brothers Eyal and Ofer Feldman, the company has developed an AI-driven AP automation innovator, which helps CFOs and controllers close the disconnect between accounts payables and the broader organization. RELATED ARTICLES Stampli enables CFOs to automate where possible so knowledge workers can provide maximum value and productivity. Combined with a fast implementation, the Stampli AP Automation and collaboration platform makes it easy for AP teams to work with the rest of the organization to allocate cost properly, verify ....
Stampli Named “Best Accounts Payable Solution” in 2021 FinTech Breakthrough Awards Program Share Article Prestigious Awards Program Recognizes Outstanding Financial Technology Products and Companies “Regardless of how complex the internal Procure to Pay (P2P) process, Stampli is designed to make each stage of the AP lifecycle empowering and efficient for all involved, giving the Accounts Payable team time back to focus on higher-value activities” - Eyal Feldman, CEO, Stampli. LOS ANGELES (PRWEB) March 16, 2021 FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that Stampli, an AI-based accounts payable (AP) automation platform, has been selected as winner of the “Best Accounts Payable Solution” award in the fifth annual FinTech Breakthrough Awards program ....
Seven Israeli startups were chosen Tuesday as 2021’s most promising companies in Fintech. With more than 750 startups operating today in the Fintech sector alone, Israel has been a global pioneer in the field for more than a decade. A variety of categories were in the ranking for the top spot, including payments and commerce, lending and finance, cyber security, insurtech, and most promising seed company. The list, was published for the second year in a row.
The winning companies - Identiq, Balance, Sharegain, Obligo, Planck, Unit, and Panorays - were selected by 30 financial entities and venture capital funds operating in Israel, including Viola, Pitango, Team8, Entree Capital, Qumra Capital, and more. The VCs were allowed to name only one of their portfolio companies per category. ....
How the Pandemic Forced One City to Fix Accounts Payable While having to close its offices and work remotely, a small city in Utah has cut its time for invoice processing in half using software from Stampli that automates and guides users through approval steps. When municipalities are put to the test by a disaster such as COVID-19, sometimes it’s little process improvements, simple efficiency or bookkeeping practices that make the difference between staying on top of things and falling behind. The city of Spanish Fork, Utah, was trying to revamp its accounts payable system earlier this year when the pandemic gave the project extra urgency, and it led them to a single software tool that its staff has used to cut the city’s invoice processing time in half. ....