Monto AI
A Secure and Innovative Platform to Streamline Billing and Collections
Company Overview
Snapshot
Founded in August 2021 by Maya Cohen and Gabriel Wertheimer, Monto AI operates with 51–200 employees. The company has raised $9 million across one funding round from 5 investors. In July 2024, Monto AI secured Seed funding, with Scale Venture Partners and F2 Venture Capital participating.
Business overview
Monto AI provides an AI-powered platform that connects ERP systems with customer portals, streamlining billing and collections for revenue teams. Its core technology facilitates seamless payment and data collection from any Accounts Payable (AP) platform by automating registration and authentication, securely storing information, and delivering invoices and data. The company serves enterprises by transforming error-prone billing processes into accurate, instant operations, offering real-time insights into key metrics like TDSO, CEI, and aging buckets. Monto AI operates within the Fintech & Insurtech sector, specifically focusing on Money Transfer & Management and Financial Operations Software, leveraging Artificial Intelligence to deliver its solutions.
Strategic signal
Monto AI's Seed funding round in July 2024, which included participation from Scale Venture Partners, signals strong investor confidence in its AI-powered solution for B2B payment challenges. This capital infusion is poised to accelerate the company's development and market penetration, indicating a positive trajectory for its innovative approach to automating financial operations and curbing payment chaos in the enterprise sector.
Log in to access full profile ›Company Intelligence Q&A
- When was Monto AI founded?
- Monto AI was founded in August 2021.
- Who are the founders of Monto AI?
- Monto AI was founded by Maya Cohen and Gabriel Wertheimer.
- What is Monto AI's primary sector?
- Monto AI's primary sector is Fintech & Insurtech, with a focus on Financial Operations Software and Money Transfer & Management.
- What was Monto AI's most recent funding event?
- In July 2024, Monto AI secured Seed funding, with.
- What is the total capital raised by Monto AI?
- Monto AI has raised a total of $9 million across one funding round.