Columbus, OH – June 9, 2023 – AP Automation company, PaperTrl, is pleased to announce that is has secured a significant investment from St. Louis Arch Angels as part of its seed round. This funding will enable the company to enhance its cutting-edge AP automation platform and accelerate its mission of transforming 100% of AP processes for mid-market businesses.
The investment from St. Louis Arch Angels will provide PaperTrl with the necessary resources to further develop its platform, enhance customer experience, and drive mobile innovation within the AP automation space.
“We are excited to have St. Louis Arch Angels as a strategic partner and investor,” said Steve Weber, CEO of PaperTrl. “Their investment and expertise will be instrumental in fueling our expansion and driving innovation within the AP automation industry. With this funding, we can accelerate the development of our platform and empower businesses to unlock new levels of efficiency and cost savings.”
PaperTrl’s advanced AP automation software leverages artificial intelligence and machine learning technologies to streamline and digitize the entire procure-to-pay workflow. By automating data entry, invoice processing, and payment reconciliation, the platform eliminates manual errors, reduces processing time, and increases operational efficiency for organizations of all sizes.
In addition to the recent seed funding, PaperTrl has made significant strides in forming strategic partnerships. The company has recently announced partnerships with industry leaders such as Intuit and US Bank, further solidifying its position as a key player in the AP automation market. Furthermore, PaperTrl is proud to be a member of the Visa Fintech FastTrack program, enabling them to leverage Visa’s resources and expertise to drive innovation and offer enhanced digital payment solutions to their customers.
The seed funding from St. Louis Arch Angels marks a significant milestone for PaperTrl, positioning the company to scale its operations, expand its market reach, and continue driving innovation in AP automation.
PaperTrl is a fully integrated, cloud-based AP automation software solution that helps organizations simplify and streamline the entire AP process, from purchasing to payments. Through a user-friendly, cloud-based application, PaperTrl empowers purchasing and AP professionals to more efficiently and effectively issue purchase orders, track PO receipts, process bills, and make payments from anywhere. PaperTrl automates time-consuming tasks like approvals, PO/bill matching, reconciliation, and integration into your accounting system, so you have more time to focus on the bigger picture.