Monto
Click. Connect. Get paid from your enterprise customers. We built Monto for all the revenue teams tired of dealing with endless customer A/P portals. Monto is the first platform that connects with every payment portal, like Ariba and Coupa, and learns each of your customers’ billing requirements, so you can send, track, and collect invoices — from one place, in one click, with no manual work. So far, innovation in B2B payments has focused on customers. This makes payments easier for them to send, but harder for suppliers to receive. To create a world where B2B payments are truly seamless, we need it to be easy for both parties. We need connectivity. We need flexibility. We need platforms that can plug the gap between the portals customers are using, and the systems suppliers have. We need Monto.
Monto
Click. Connect. Get paid from your enterprise customers. We built Monto for all the revenue teams tired of dealing with endless customer A/P portals. Monto is the first platform that connects with every payment portal, like Ariba and Coupa, and learns each of your customers’ billing requirements, so you can send, track, and collect invoices — from one place, in one click, with no manual work. So far, innovation in B2B payments has focused on customers. This makes payments easier for them to send, but harder for suppliers to receive. To create a world where B2B payments are truly seamless, we need it to be easy for both parties. We need connectivity. We need flexibility. We need platforms that can plug the gap between the portals customers are using, and the systems suppliers have. We need Monto.
TL;DR
Category: Fintech SaaS — B2B payments and invoice automation
Product: AI-driven platform that connects to supplier/AP portals to automate invoice submission, tracking, and collections
Scale signals: Claims 500+ AP portals connected, operations in 67 countries, and $1B+ collected for customers
Funding: $9M Seed round led by Scale Venture Partners (announced July 30, 2024)
Employees (approx.): 98
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Company Overview
Problem Domain
B2B invoice delivery and collections friction caused by disparate customer AP portals and manual supplier workflows
Industry
Software Development
Funding Track Record
$9M
Round includes Verissimo Ventures, F2 Venture Capital, FirsthandVC, Room40 Ventures, ICON, and angel investors
Investor Signal
“Backed by venture investors including Scale Venture Partners and multiple early-stage funds/angels”