Monk Secures $25M Series A Funding to Automate Accounts Receivable with AI
Monk, an AI-native accounts receivable platform, has raised $25 million in a Series A round co-led by Footwork and Acrew Capital. The funding will be used to invest in R&D and expand its AI-driven accounts receivable solutions, which have shown a 40% reduction in days sales outstanding and 25+ hours saved per month for AR teams. The company aims to become a B2B revenue platform for the AI era.
Topics: Accounts Receivable AI Monk Series A Funding Startup