Monk raises $25M
- Usemonk raised $25 million to scale accounts-receivable automation and collections capabilities. - The company says its platform reduced days sales outstanding by roughly 40% for B2B customers. - Faster DSO recovery frees working capital for borrowers and can alter the economics of receivables-backed lending (x.com).
Monk has raised a $25 million Series A to expand software that automates invoicing, collections and cash application for business-to-business finance teams. (finance.yahoo.com) The New York company said the round was co-led by Footwork and Acrew Capital, with continued participation from BTV, and brings total funding to $29 million after a $4 million seed round in spring 2025. (finance.yahoo.com) Accounts receivable is the money a company is owed after it sends an invoice. Days sales outstanding measures how long that cash stays unpaid, and lower numbers mean money reaches the bank faster. (wallstreetprep.com) Monk said customers using its platform cut days sales outstanding by an average of 40%, saved more than 25 hours a month for accounts receivable teams, and collected 24% more revenue in the first 90 days. (finance.yahoo.com) The company says its software handles work that usually sits across billing systems, customer email threads and enterprise resource planning software, including invoice generation, collections and cash reconciliation. Axios reported that accounts receivable has been hard to modernize because it spans billing, customer communication and matching payments to invoices. (monk.com) (axios.com) That matters for lenders as well as software buyers. When invoices are collected faster, borrowers free up working capital sooner, which can change the pricing and risk profile of receivables-backed financing. (wallstreetprep.com) (x.com) Monk’s website says it integrates with Stripe, HubSpot, QuickBooks, NetSuite and Salesforce, and says the average customer goes live in four days. The pitch is that finance teams can change collections workflows without a long implementation project. (monk.com) Chief executive George Kurdin told Axios the company automates accounts receivable workflows, a category investors have been revisiting as artificial intelligence tools move from drafting emails to taking actions inside finance systems. (axios.com) (finance.yahoo.com) The new capital gives Monk room to push deeper into a part of finance software that looks mundane until cash stops arriving on time. For companies selling on invoice terms, shaving weeks off collections can matter as much as winning the sale. (finance.yahoo.com)
