Rimilia is fintech startup that provides intelligent, finance automation solutions that enable organisations to control cash flow and cash collection in real-time.
Rimilia creates software finance people love by enabling tight integration between the front and back office.
Rimilia was founded in 2008 by Steve Richardson and Jamie Cunningham. The company is headquartered in Bromsgrove, Worcs, United Kingdom, with an office in Richmond, Virginia.
Rimilia's software solutions uses sophisticated analytics and artificial intelligence (AI) to predict customer payment behaviour and easily match and reconcile payments, removing the uncertainty of cash collection.
Rimilia software automates the complete accounts receivable process and eliminates unallocated cash, reducing manual activity by an average 70% and achieving best in class matching rates recognised by industry specialists including The Hackett Group.
Rimilia operates globally across any sector, with customers in over 50 countries spanning USA, Europe and Australia. The cloud-based solution is easily implemented, delivering a ROI within 12 months. Customers include Santander, Wesco, Gazprom, TalkTalk, Avis and Hertz.
Rimilia is backed by Alibaba, Silicon Valley Bank, Eight Road Ventures, Kennet Partners and others. The company raised $15M in a latest round of funding on Feb 03, 2020. This brings Rimilia's total funding to $40M to date.