Procurify, a Vancouver, BC, Canada-based company which specializes in proactive spend management solutions, received USD20M in CIBC Innovation Banking.
The amount of the deal was not disclosed.
The company intends to use the funds to support its continued development of innovative procurement technologies.
Led by CEO Aman Mann, Procurify is a provider of an AI-enhanced procurement and AP automation platform for the mid-market. It helps organizations to take control of spend and save money offering a procure-to-pay system, integrating purchase requests, approvals, expenses, purchase orders, contracts, vendors, budgets, receiving, invoicing, bill payments, spending cards, and more.
The platform is used by hundreds of customers worldwide to manage over $30 billion USD of organizational spend.
FinSMEs
30/10/2024