Stampli News
11 articles
Stampli’s Cognitive AI aims to handle all your businesses’s purchase orders autonomously
Stampli, an accounts payable automation startup, has launched its new Cognitive AI at Oracle NetSuite’s SuiteWorld 2024 conference. This AI aims to automate purchase order matching, a traditionally labor-intensive task, by mimicking the decision-making abilities of experienced finance professionals. The technology has demonstrated a 97% success rate in tests, significantly improving efficiency for companies like Superior Masonry Unlimited and Modigent. The launch comes at a crucial time, as the finance sector faces labor shortages, making automation essential. Stampli plans to expand its AI capabilities to other financial operations, further solidifying its role in optimizing financial processes.
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Stampli raises $61 million led by Blackstone: "We will make Stampli one of the largest FinTech companies in the world" | CTech
Stampli, an AI-powered accounts payable automation platform, has raised $61 million in a Series D funding round. The round was led by Blackstone and included participation from existing investors Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital. This latest funding round brings Stamplis total raised to over $148 million. Stampli was founded in 2015 and currently employs around 250 people. In August, the company processed more than 1 million invoices totaling over $5 billion. The accounts payable automation and B2B payments market represents a significant opportunity, with Deutsche Bank estimating it could be worth around $70 billion in the US alone.
Investment
Blackstone closing on significant investment in fintech startup Stampli | CTech
Blackstone is in advanced negotiations for an investment of over $50 million in the Israeli fintech company Stampli. Existing investors, including Insight Partners, SignalFire, and Nextworld Capital, are expected to participate in the round. Stampli has raised $87 million to date. Blackstone, with a market cap of around $114 billion, prefers acquiring or investing in technology companies in significant amounts. This investment is expected to positively impact Stamplis growth. Stampli develops an AI-powered Accounts Payable automation solution and operates from Tel Aviv and California.
Investment
STAMPLI TRANSFORMS ACCOUNTS PAYABLE DATA INTO ACTIONABLE BUSINESS OUTCOMES WITH LAUNCH OF STAMPLI INSIGHTS
Stampli, a B2B Fintech leader in Accounts Payable (AP) Automation, has unveiled Stampli Insights for AP teams to gain complete visibility into their AP data. The new capabilities include Advanced Search, Stampli Reports, and Stampli Dashboards. With Stampli Insights, customers can easily search, visualize, and drill down into accounts payable data to make more informed decisions for their business. The release of Stampli Insights aims to optimize workflows and improve operational efficiencies with invoice automation and processing. Stampli currently has office locations in the United States and internationally and has received recognition in various industry awards.
Customers
Stampli Wins Second Consecutive "Best Accounts Payable Solution" Award in Annual FinTech Breakthrough Awards
Stampli, a B2B FinTech company specializing in Accounts Payable (AP) Automation, has been named as the winner of the Best Accounts Payable Solution award in the sixth annual FinTech Breakthrough Awards program for the second consecutive year. The award recognizes the collaborative innovation taking place by AP professionals on Stamplis Invoice and Communications Feed. The company was also recognized in G2s 2022 Best Software Awards and CB Insights 250 FinTech List for 2021. Stampli closed its most recent funding round in Spring of 2021, securing $50 Million in Series C to bolster growth in product capabilities, team size, and market presence.
CustomersInvestment
Stampli raises $50 million in Series C to help companies intelligently manage invoices
Stampli, a software platform for invoice management, has raised $50 million in a Series C financing round led by Insight Partners. The company aims to simplify the process of invoice management by turning each bill into a communications hub, connecting finance departments with other stakeholders. Stampli also offers its own payments product called Direct Pay, which solves payment-related issues for the accounting department. The funding will be used to scale the business and double its size in the next year. Stampli has a total funding amount of $87 million and has managed $20 billion in transactions.
Investment
Stampli Named to G2's Leader Quadrant in AP Automation for Fourth Consecutive Quarter;Ranked #1 Across All Indexes
Stampli raises $25 million in Series B to bring AI to invoice management
Stampli, a company specializing in invoice management, has raised $25 million in a Series B funding round led by SignalFire. The funding will be used to further develop Stamplis software suite, which streamlines the procure to pay process and uses machine learning to improve efficiency. Stampli charges based on the number of transactions and advanced users in the system. The company is payments-agnostic, allowing customers to choose their payments provider. Stampli currently processes over $12 billion in invoices annually and has a user base of 1,900 businesses and 40,000 users. This funding round follows a previous Series A round of $6.7 million, bringing Stamplis total funding to $34.7 million.
Investment
Stampli, The Fastest Growing AP Automation Software, Named to G2 Crowd's Leader Quadrant
Stampli, an AI-based automation platform, has been named to the Leader Quadrant for Best AP Automation Software and Tools for ERP in 2019. The company has received high customer satisfaction ratings and has experienced significant growth, processing over $12 billion in invoices annually and growing revenue by 4x. Stampli is now the fastest-growing AP automation platform in the world. The recognition from G2 Crowd, a user review platform, highlights Stamplis commitment to customer and user experience. Stamplis AI, Billy the Bot, simplifies the accounts payable process and streamlines communication for faster approvals.
Customers
Stampli Raises $6.7M Series A to Help Enterprises Streamline Invoice Management and Get Paid 5x Faster
http://upwestlabs.com/stamplie-raises-2-3m/
