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MineralTree
Accounts payable automation software
- 101-200 employees
- B2B
- Enterprise
- Financial Services
- SaaS
- API
- Automation
- Downtown Crossing, Boston, MA
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Company mission
To improve and automate key financial processes.
0% employee growth in 12 months
Our take
Among the components that facilitates a smooth-operating Enterprise is having effective payroll and cashflow management. Among the many firms seeking to innovate via accounts payable (AP) automation is MineralTree.
MineralTree’s strategically-designed system allows companies to reduce processing costs up to 80 percent while receiving early pay discounts from virtual card accounts. Beyond this increase in margins, MineralTree offers greater efficiency with regard to managing outbound cash flow and fraud prevention. MinteralTree’s successful AP automation platform has generated nearly $120 million in funding as well as a host of customers ranging from Goodwill to Essentia Water and Hippo Insurance.
The accounts payable market is expected to increase to over $3 billion by 2024, proving fertile ground for those who can convince companies to transition to AP automation. Given MineralTree’s successful acquisition of Inspyrus software and renowned company culture, the future of AP automation may be in the hands of MineralTree.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Fully Paid Parental Leave for Mother or Father
- Excellent Medical, Dental & Vision Insurance Coverage
- Fitness & Weight Loss Benefits
- HSA with Employer Contribution
- Unlimited Paid Vacation
- 401K Option
- Company-Paid Life & Disability Benefits
Company values
- Teamwork - We recognize that human beings are social creatures and some of our best work comes from collaborating with others
- Innovation - Using technology to better our world—and ourselves—is the name of the game. We are constantly seeking ways to improve our current solutions and develop new breakthroughs
- Determination - We are fuelled by determination to innovate and deliver exceptional solutions where they are needed
- Integrity - Trust is becoming a larger part of our business world and without integrity there is no trust. We keep our word. We’re honest. And we uphold our principles
- Discipline - Determination needs discipline to drive it forward. Our self-control allows us to grow, learn, teach, and thrive
Funding (last 2 of 6 rounds)
Sep 2020
$50m
SERIES D
Mar 2019
$50m
SERIES C
Total funding: $124.1m
This company has top investors
Leadership
BC Krishna
(Founder)BC Krishna is a technologist and entrepreneur skilled at turning innovative software solutions into industry-leading companies. Prior to MineralTree, they founded bank fraud detection software company Memento. Prior to Memento, they founded FutureTense, a company that pioneered the content management category.