We are proud to announce that we just raised 2.5M€ from Amundi PEF to disrupt the spend management market with Artificial Intelligence.
Our Conciliator platform enables automation of saving actions and optimization of costs with an instant return on investment thanks to AI and Machine Learning.
With this first fund raising, we will expand to new markets all over the world. The trust Amundi and major world leading companies place in us, conforts our belief that the market of automated spend management is growing rapidly and represents a huge opportunity. All of this is made possible by the massive digitization of procurement in companies all over the world.
Our expansion is already in motion with new partnerships and the closing of majors deals last summer:
- We signed a new partnership with Engie through Vertuoz, its subsidiary specialized in smart buildings and energy efficiency to automatically check their invoices against energy consumption.
- We also announced a partnership with Ayming (world leading expert in business performance) to offer a unique spend management solution that brings together our powerful Conciliator platform and Ayming's unique expertise in cost optimization.
- Finally, we now work with 20 new companies to help them control automatically their HR costs.
About Amundi PEF
Amundi PEF is a trust corporation approuved by the AMF, subsidiary of Amundi group (Amundi is the leading European asset manager, with over €1,000 billion of assets under management worldwide).
Amundi is a subsidiary of Crédit Agricole Group and is quoted on Euronext.