Stampli provides an AI-powered accounts payable (AP) automation platform that centralizes AP communications, documentation, and payments around the invoice. Its AI, Billy the Bot, learns an organization’s patterns to simplify GL and costing-related coding, automate approval and verification flows, identify duplicate invoices, and reduce manual data entry. The platform integrates with more than 70 ERPs, including Sage, Oracle, Microsoft, QuickBooks, SAP, Acumatica, and IBM. Beyond AP, Stampli offers an integrated FinTech suite including Stampli Credit Card and Stampli Direct Pay. Launched in 2015 and led by CEO Eyal Feldman, the company serves 1,300 accounts payable automation customers. The company intends to use the new funds to expand operations and broaden its business reach. Stampli offers an invoice-management platform that turns each bill into a communications hub, connecting finance teams with internal stakeholders and vendors. Its system uses machine learning to recognize allocation patterns, manage approval workflows, and extract invoice data. The company historically remained payment‑platform agnostic but launched Direct Pay in early 2020 to offer an integrated payments option. About 20–25% of customers use Direct Pay, which also provides a supplemental revenue stream. Stampli serves roughly 1,000 customers and has managed $20 billion in transactions. With the new funding, the company plans to scale rapidly and aims to double the size of the business in the next year. Stampli provides a collaborative procure-to-pay software suite that automates invoice management. Each invoice becomes a communications hub allowing cross-department collaboration to resolve issues and speed payments. The product uses machine learning to extract invoice data, learn approval workflows and cost-allocation patterns, improving over time for each customer. Stampli is payments-agnostic, letting customers choose their payments provider and retain control of that part of the system. The company charges based on transaction volume and the number of advanced users. As of the article, Stampli processes more than $12 billion in invoices annually, serves over 1,900 businesses and 40,000 users, and has raised $34.7 million in total funding to further its AI capabilities. Stampli is an invoice management platform launched in 2015 by brothers Eyal and Ofer Feldman to improve communication between accountants, internal departments and vendors. Its core product provides a central landing page for each invoice and integrates with ERPs such as NetSuite, Intuit QuickBooks and SAP to enable cross-department collaboration. Stampli's built-in AI, "Billy the Bot," learns invoice structure and user behavior, auto-filling fields once it reaches an 80% confidence threshold and otherwise leaving suggestions. The company targets mid to large-size companies and charges per invoice with no upfront installation fee. To date, Stampli has helped customers manage more than $4 billion in invoices across industries from fashion to tech. It faces competition from platforms like Determine and Concur, and differentiates on collaboration and its pricing model.

Total raised

$143M

Funding rounds

4

Latest round

Series D

Latest activity

Oct 2023