nipendo
RPA and AI Platform for Purchase-to-pay Process Automation
Startupnipendo is a Netanya-based startup in the Fintech & Insurtech sector, established in 2007. RPA and AI Platform for Purchase-to-pay Process Automation . The company has raised a total of $12M across 2 funding rounds, currently at the Acquired stage. nipendo was founded by Eyal Rosenberg and Alon Rosenberg. Key investors include Horizons Ventures, Magma Venture Partners. The company has 11-50 employees. Core technologies: Platforms & Interfaces, Web, Mobile, Artificial Intelligence, Machine Learning.
With $12M in total funding, nipendo is a Acquired-stage company operating in Fintech & Insurtech. The company follows a B2G/B2B business model. Product stage: Released. The company holds 1 patent. nipendo has been acquired.
- StageAcquired
- ProductReleased
- ModelB2G, B2B
- Employees11-50
- HQNetanya
- DistrictCenter District
- StatusAcquired
- Last Round$8M
- Horizons Ventures
- Magma Venture Partners
Eyal RosenbergCo-Founder & CEO
Alon RosenbergCo-Founder & CTO
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What does nipendo do?
nipendo provides a cloud-based robotic process automation (RPA) platform for purchase-to-pay (P2P) processes and supplier collaboration. The platform streamlines and simplifies interactions between enterprises (buyers) and their suppliers across all spend categories and all supplier types and sizes. nipendo automates P2P processes and makes them touch-free and error-free by utilizing RPA, machine learning, and AI technologies. It provides process governance, management, and enforcement compliance; audit and validation; dispute resolution; discrepancy management; and supplier rating. Implementing nipendos platform requires simple configuration using best-practice templates that were designed over a period of years of working with multinational corporations in a variety of industries. These templates cover the full range of direct and indirect P2P processes around goods and services. nipendo helps enterprises automate their P2P processes and replace manual labor and human decision-making with smart bots that operate according to corporate policy, compliance rules, and regulations. nipendo customers report that over 95% of their invoices have reconciled self-provisionally and that order fulfillment has improved dramatically, with an over 50% reduction in FTEs.
How much funding has nipendo raised?
nipendo has raised $12M in total funding across 2 rounds. The company is currently at the Acquired stage. Key investors include Horizons Ventures, Magma Venture Partners.
Who founded nipendo?
nipendo was founded in 2007 by Eyal Rosenberg (Co-Founder & CEO), Alon Rosenberg (Co-Founder & CTO).
What sector is nipendo in?
nipendo operates in Fintech & Insurtech, Financial Operations Software, Money Transfer & Management, Business Software, Operations Solutions, with core technologies in Platforms & Interfaces, Web, Mobile, Artificial Intelligence, Machine Learning. Target customers: Healthcare & Life Sciences, Healthcare, Providers, Industrial Manufacturing, Manufacturing Facilities, Enterprise & Professional Services, Enterprises.
Where is nipendo located?
nipendo is based in HaMahshev Street 3, Netanya, Israel, Center District. The company also has offices abroad.