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OpenEnvoy logo — Capture, Code, Match with Applied AI

OpenEnvoy

Capture, Code, Match with Applied AI

Founded 2020 United States San Mateo, United States 67 employees Series A Total: $21.50M Finance, Fintech

General Information

Company Name OpenEnvoy
Founded Year 2020
Location United States San Mateo, United States
Employees 67
Industries Finance, Fintech
Funding Stage Series A
Social

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About OpenEnvoy

OpenEnvoy, a Finance and Fintech startup founded in 2020, has garnered attention with its Applied AI platform. The company's slogan, "Digitize clerical work and eliminate fraud with Applied AI," highlights its mission to streamline operations and enhance security. OpenEnvoy's platform unifies payables, contracts, receivables, and transactions, enabling Finance teams to leverage AI for real-time reconciliation and error detection. This innovative approach not only improves operational efficiency and cash flow but also minimizes disruptions for IT and trading partners. In a recent milestone, OpenEnvoy secured a significant $15.00M Series A investment on 03 May 2023 from a group of prominent investors including RRE Ventures, Riot Ventures, Coelius Capital, Hack VC, and Uncorrelated Fund. The company's impact is evident with customers identifying over $367M in potential losses. OpenEnvoy's disruptive technology and successful investment round position it as a compelling player in the Fintech industry, with promising prospects for growth and continued innovation. To discover more about OpenEnvoy, visit www.openenvoy.com and follow their journey.

Business keywords: Applied AI platform, finance automation, invoice reconciliation, fraud detection, cash flow management, transaction reconciliation, clerical work automation, operational efficiency, IT integration, payables management, receivables management, contract management, real-time reconciliation, error elimination, finance technology

Funding Rounds & Investors (3)

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Funding Stage Amount Investors Lead Investors Date
Series A $15.00M 5
RRE Ventures Riot Ventures Coelius Capital
RRE Ventures, Riot Ventures +3
03 May 2023
Seed Round $6.50M 5
Riot Ventures Coelius Capital Firebolt Ventures
Riot Ventures, Coelius Capital +3
13 Apr 2021
Pre Seed Round Undisclosed -
25 Oct 2020

OpenEnvoy Alternatives & Competitors

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OpenEnvoy vs
PrimeRevenue
PrimeRevenue United States

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OpenEnvoy vs
CRX Markets AG
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OpenEnvoy vs
Destaxa
Destaxa Brazil

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FAQ About OpenEnvoy

Capture, Code, Match with Applied AI
OpenEnvoy was founded in 2020.
OpenEnvoy is headquartered in San Mateo, United States.
OpenEnvoy operates in Finance and Fintech. Its work centres on Applied AI platform, finance automation, invoice reconciliation and fraud detection.
OpenEnvoy has approximately 67 employees.
OpenEnvoy has completed 3 funding rounds, raising a total of $21.50M. The latest funding stage is Series A.
Top alternatives and competitors to OpenEnvoy include PrimeRevenue, CRX Markets AG, Destaxa, MineralTree, Inc., AccessPay. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
OpenEnvoy and PrimeRevenue are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for OpenEnvoy, https://bouncewatch.com/company/openenvoy, updated 29 December 2024. When citing, please name BounceWatch and link this page.

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