MineralTree

MineralTree is a cloud-based payment automation and invoicing solution that caters to small and midsize businesses.

MineralTree provides the easiest to use Accounts Payable (AP) and Payment Automation solutions for finance professionals.

MineralTree was founded in 2010 and is headquartered in Cambridge, Massachusetts.

 

MineralTree provides modern, secure, easy-to-use, end-to-end Accounts Payable (AP) Automation solutions that reduce costs by more than 75%, increase visibility and control, and mitigate fraud and risk, while improving cash flow.

 

MineralTree has more than 2,000 mid-market and mid-enterprise companies, as well as more than 25 financial institutions, who relies on MineralTree to digitize and optimize the entire AP Automation and Payments process, preserving control over the complete invoice-to-payment workflow, improving vendor relationships, maximizing ROI, and transforming the finance function from a cost center to a profit center.

 

MineralTree is backed by Great Hill Partners, .406 Ventures, Eight Roads Ventures, First Data Corporation and others. The company raised $50M in Series D round on Sep 24, 2020. This brings MineralTree's total funding to $122.7M to date.

 

 

  • Year founded: 2010
  • Funding Info: $122.7M over 5 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Cambridge
  • State: Massachusetts
  • Country: United States
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