- Raised $9M funding round led by Scale Venture Partners, Jul 2024
About
Monto is the first AI-powered connector between ERP systems and customer portals, addressing the common challenge of managing multiple supplier portals for revenue teams. Monto creates smart integrations between financial systems, facilitating seamless payment and data collection from any A/P platform. It automatically registers and authenticates access to any AP portal, securely storing information to connect with customers in one click. Invoices and data are automatically delivered to all customers using AP portals, transforming error-prone, tedious billing processes into accurate and instant operations. Users can easily monitor orders and payments across platforms, with data consolidated into a single dashboard. Monto provides automatic validation and resolution of billing issues, eliminating stuck invoices and unresolved tasks. The real-time insight dashboard allows for data-driven decisions, keeping users informed on key metrics like TDSO, CEI, and aging buckets.
Funding history · 1 round · $9.0M total
Q&A
- What is Monto AI's primary business activity?
- Monto AI provides an AI-powered platform that connects ERP systems with customer portals to streamline billing and collections, facilitating seamless payment and data collection from various A/P platforms.
- When was Monto AI founded?
- Monto AI was founded in August 2021.
- How much funding has Monto AI raised to date?
- Monto AI has raised a total of $9,000,000.
- When did Monto AI complete its most recent funding round and who were the lead investors?
- In July 2024, Monto AI completed a funding round of $9,000,000, led by.
- What is Monto AI's current employee count?
- Monto AI has 51-200 employees.
- Where is Monto AI headquartered?
- Monto AI is headquartered in Tel Aviv-Yafo, Israel.
- What is Monto AI's primary sector classification?
- Monto AI's primary sector is Fintech & Insurtech.
- Does Monto AI have any international offices?
- Yes, Monto AI has an office in New York, USA.
Team · 2
Sectors & technology
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Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | montopay.com |
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| linkedin.com/company/71207076 |
Identifiers & details
| Founded | 2021-8 |
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| Employees (exact) | 71 |
| Offices | New York |
Radar intelligence
Web history (Wayback)
| Domain | montopay.com |
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