Monto A.I Ltd

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.