Monk Raises $25 Million Series A Co-Led by FootworkVC and Acrew Capital
Monk, a B2B accounts receivable and collections software company, announced a $25 million Series A co-led by FootworkVC and Acrew Capital, with continued support from BTV. The company says its platform helps businesses get paid faster by automating complex collections workflows such as portal uploads, PO mismatches and disputes.
Monk said it is targeting the $3 trillion in U.S. accounts receivable and helping companies shorten payment cycles that often stretch 45 to 90 days. According to the company, customers see 40% lower DSO, a 24% higher collections response rate and a median go-live time of four days.
From the sources (4 posts)
@pitdesiRT @GeorgeKurdin: Today @usemonk is announcing our $25M Series A co-led by @footworkvc and @AcrewCapital with continued support from @btv_v…
@pitdesiRT @jbahrdestefano: Big congrats to the @usemonk team who just raised a $25M Series A from @footworkvc & @AcrewCapital (w continued partici…
@pitdesiRT @nbobba: .@usemonk just raised a $25m Series A led by @footworkvc and @AcrewCapital Monk is an extremely high talent density vertical A…
@pitdesiMonk gets you paid faster- a lot faster Monk customers see cash in hand increase by 40%, and median time to go live is only 4 days. They just raised $25M from @footworkvc and @AcrewCapital to crush the $3T AR gap. Hiring in NYC: https://