Nipendo

Nipendo Ltd.Founded in 2007, Nipendo Ltd. is based in Boston, US, and specializes in automating procurement processes. Nipendo was co-founded by Alon and Eyal Rosenberg, who have significant experience in the tech industry.Nipendo specializes in a cloud-based procurement automation platform that facilitates efficient interactions between purchasing organizations and their suppliers. This platform automates the entire procurement process, encompassing the management of documents such as Request for Proposals (RFPs), Purchase Orders, Invoices, and Shipping Notifications. By integrating seamlessly with existing ERP systems, Nipendo’s solution is designed to optimize supplier management by reducing manual processing, thereby enhancing efficiency and minimizing errors. The company caters to a diverse client base across various industries, including utilities, healthcare, aerospace and defense, chemicals, pharmaceuticals, technology, and finance, demonstrating its versatility across different sectors.Nipendo generates revenue primarily through subscription-based models, where clients pay for access to their procurement automation platform while leveraging its robust features. The transactions typically involve organizations subscribing to the platform to automate their interactions with suppliers, resulting in improved order and invoice processing. Clients utilize Nipendo’s service to eliminate manual tasks associated with procurement, leading to increased operational efficiency. While specific pricing plans are not disclosed, the revenue structure supports long-term partnerships with clients who rely on Nipendo's platform for ongoing procurement needs. The company's flagship product enhances supplier collaboration and lowers processing costs, contributing to its strategic value in the market.

1. Series B

   Mar 11, 2013

   Amount

   $8M

   Investors

   Locked

2. Series A

   Oct 16, 2009

   Amount

   $4M

   Investors

   Locked