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Fintech Stampli Raises $50 Million To Put Controllers Back In Control Of Payables

May 12, 2021•over 4 years ago

Amount Raised

$50 Million

Mountain View

Description

AI-driven AP Automation innovator Stampli today announced $50 million in Series C funding for their platform, which helps CFOs and controllers close the disconnect between accounts payables and the broader organization. Insight Partners led the deal with participation from SignalFire and Nextworld Capital, joining UpWest, Hillsven, Bloomberg and Naver Corp to bring Stampli total funding raised to over $87M.

Company Information

Company

Stampli

Location

Mountain View, California, United States

About

Stampli is a complete AP automation platform that brings together accounts payable communications, documentation, and payments in one place. By centering communications on top of the invoice itself, AP departments collaborate and communicate better with approvers, vendors, and anyone involved with purchases, allowing approvals to happen 5x faster. Stampli’s AI, Billy the Bot, learns an organization’s unique patterns to simplify GL and costing-related coding, automate approval and verification flows, identify duplicate invoices, and reduce time spent on manual data entry. Stampli’s flexible platform fits seamlessly into any existing processes and integrates with financial systems, including NetSuite, Sage Intacct, QuickBooks, Microsoft Dynamics, SAP, and more. For more information, visit stampli.com.

Funding Insights

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