Nipendo offers a cloud-based Supplier Cloud that automates the entire PO-to-payment lifecycle, from order receipt through electronic invoicing and payment reconciliation. The platform replaces manual, paper-based processes and legacy EDI/value‑added network approaches, enabling rapid onboarding and automatic communication among trading partners. Nipendo says its solution ensures 100% reconciliation and accuracy, reduces costly errors and discrepancies, accelerates time to market, and can cut process costs by up to 50%. The company’s network has been adopted by large multinationals across industries, including Pfizer, HP, Lilly, IBM, Office Depot and Teva. Nipendo will use new capital to scale business operations and pursue expansion into the U.S.; the company opened a new headquarters in Boston, Massachusetts to support that move. The product positioning focuses on enterprise deployments and broad supplier ecosystem connectivity to drive efficiency and profitability for buyers and suppliers.

Total raised

$8M

Funding rounds

1

Latest round

Series B

Latest activity

Mar 2013