Monto is an AI connector that sits on top of any leading ERP to automate B2B payment collection from customers' AP portals. Its AI-based platform learns each customer's invoicing requirements to create "smart connections" that reduce manual portal work, mitigate late payments and improve cash flow. Monto supports integrations with NetSuite, Workday, QuickBooks, SAP, Microsoft Dynamics and others, aiming for a "zero-touch" automatic payments experience primarily via ACH and RTP. The company serves large enterprises across industries, including Shutterstock, TechTarget, Miro and G2. Monto reports it has helped suppliers get paid close to $1 billion through thousands of connections to buyers in more than 300 portals. Future plans include U.S. expansion from a newly opened New York office and continued advancement of its AI technology to further streamline B2B collections.

Total raised

$9M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2024