New updates have been reported about Monk.
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Monk, a New York-based AI-native accounts receivable platform, has raised a $25 million Series A round co-led by Footwork and Acrew Capital, with existing investor BTV also participating, bringing its total funding to $29 million. The company plans to deploy the new capital into research and development to deepen its AI capabilities and expand its product suite across the contract-to-cash cycle.
Monk’s platform automates invoicing, collections, cash application, and dispute resolution, reporting on average a 40% reduction in days sales outstanding, more than 25 hours per month in time savings for AR teams, and a 24% improvement in collections response rates for B2B customers. CEO and Co-Founder George Kurdin said Monk focuses on high-accuracy AI for handling “real money,” wrapping every model call in deterministic code tested against thousands of edge cases, and investors highlight that the company’s traction with AI-native enterprises positions it to evolve into a broader B2B revenue platform for the AI era.