Stampli, a fintech using AI to automate accounts payable, has raised $61m Series D.
In brief:
-The funding round was led by Blackstone, with participation from existing investors Insight Partners, SignalFire, Bloomberg Data and NextWorld Capital, and brings the company’s total raised to more than $148m.
-Co-founders Ofer and Eyal Feldman, chief technology and CEO respectively, founded the fintech in 2015, and have now amassed 1,300 accounts payable automation customers that make use of Stampli’s AI for invoicing, fraud detection and more.
-The use of AI to automate the accounts payable function for businesses allows chief financial officers to save time but with the assurance that there are safeguards in place to stop errors.
What does this mean?
“In today's environment, building a digital-first modern finance organisation is a top priority for CFOs and controllers,” Blackstone senior managing director Yifat Oron said.
