Stampli Secures $61M in Series D for AI-Powered AP Automation Expansion

Stampli is an AP automation maven, merging AP communications, paperwork, and payments.

Source: Stampli

Company Name: Stampli
Location: Mountain View, CA
Product: AI-powered accounts payable automation platform

Funding Details:

Funding led by: Funds managed by Blackstone
Participation from: Insight Partners, SignalFire, Bloomberg Beta, NextWorld Capital
Total Funding Amount: Over $148M
Purpose of Funding: Expand operations and extend business outreach

Leadership: Eyal Feldman, CEO

About Company: Stampli is an AP automation maven, merging AP communications, paperwork, and payments. By focusing on invoice-based communications, Stampli accelerates approval processes and minimizes friction in AP departments.

Its AI assistant, Billy the Bot, personalizes to an organization, automating various AP tasks.

Compatible with 70+ ERPs, the company's suite extends beyond AP, with offerings like Stampli Credit Card and Stampli Direct Pay. Currently, Stampli aids 1,300 customers in enhancing their accounts payable processes.

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