# Monto A.I

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/monto-a-i

- Industry: Software
- Headquarters: Raanana, Israel
- Website: www.montopay.com/
- Total disclosed funding: $9M
- Latest round: Seed (Jul 30, 2024)
- Investors on record: 5

## About

Based in Raanana, Israel, and founded in 2021 by co-founders Yoav Shotland (CTO), Nitsan Yerushalmi (CCO), Maya Cohen (CEO), and Gabriel Wertheimer (CPO), it operates as a provider of a B2B payments platform offering automated invoice processing and payment solutions to businesses and their enterprise customers, simplifying financial transactions. In July 2024, Monto A.I Ltd raised USD 9 million in seed funding led by Scale Venture Partners, with participation from Verissimo Ventures, F2 Venture Capital, Firsthand Alliance, and Room40 Ventures.

The company provides an AI-powered platform that offers automated invoice processing and payment solutions to businesses. The platform services include invoice data extraction, verification, real-time payment updates, and integration with enterprise resource planning (ERP) systems. Moreover, the firm offers solutions such as flexible invoice delivery, ERP integration without IT requirements, and real-time monitoring of payment cycles. Additionally, Monto A.I Ltd also provides services such as AI-powered connections to multiple customer payment portals, end-to-end invoice handling, and secure data reconciliation.

The company will use the funding to expand its US operations and advance its business-to-business payment technology.

## Funding rounds

- Seed, Jul 30, 2024, $9M — Scale Venture Partners, F2 Venture Capital, Room40 Ventures, Verissimo Ventures, Firsthand Alliance

## Investors

- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Seed
- F2 Venture Capital (https://capitalatlas.ai/funds/f2-venture-capital) — Seed
- Room40 Ventures (https://capitalatlas.ai/funds/room40-ventures) — Seed
- Verissimo Ventures (https://capitalatlas.ai/funds/verissimo-ventures) — Seed
- Firsthand Alliance (https://capitalatlas.ai/funds/firsthand-alliance) — Seed