Snap Accounts Payable Corporation develops SnapAP, a cloud-based Purchase-to-Payment platform that streamlines requisitioning, procurement, purchasing, delivery tracking, invoice management and payments processing for mid-tier and enterprise customers. Launched in January 2019 by Jean-Daniel ("JD") Drapeau and later joined by co-founders Sionne Roberts and David Jonah, the company is based in Moncton, New Brunswick. The platform has a mobile app for Android, iOS and Windows and has been natively integrated with Sage 300 for multiple clients. SnapAP achieved Approved Partner status with Oracle and appeared in Oracle's Cloud Business Marketplace in November 2020. Currently over 50,000 users globally access SnapAP daily, and the platform facilitates processing of over $200MM annually in payments between clients and their suppliers worldwide. The company plans to announce multiple new channel sales distribution partnerships by early 2021, and its Israeli angel investors are leveraging connections to drive adoption with high-profile banking and manufacturing clients overseas.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2020