Monk Raises $25M to Unlock the Trillions Trapped in B2B Accounts Receivable

"Monk has built an AI-native accounts receivable platform that automates the full contract-to-cash lifecycle, addressing inefficiencies in traditional AR processes that rely on manual methods."

"Customers of Monk, including ElevenLabs and Profound, have experienced a 40% reduction in days sales outstanding and a 24% higher collections response rate, showcasing the platform's effectiveness."

"The company raised $25M in a Series A funding round, co-led by Footwork and Acrew Capital, bringing total funding to $29M, which will support further development of its AI-driven solutions."

Monk is an AI-native accounts receivable platform designed to automate the entire contract-to-cash lifecycle for B2B companies. It addresses inefficiencies in accounts receivable processes, which have remained reliant on manual methods. By deploying AI agents, Monk enhances invoicing, collections, cash application, and dispute resolution. Customers have reported significant improvements, including a 40% reduction in days sales outstanding and a 24% increase in collections response rates. Monk recently raised $25M in a Series A funding round, bringing total funding to $29M, aimed at further developing its services.

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