Plate IQ company logo
AP Automation & Expense Management For Fast Growing Businesses51-200 Employees
  • B2B
  • Scale Stage
    Rapidly increasing operations
  • Top Investors
    This company has received a significant amount of investment from top investors
  • YC Funded
    Startup funded by Y Combinator
Website
Location
Company size
51-200 people
Total raised
$165.3M
Company type
Food & TechSaaSEnterprise Software CompanyBig Data Analytics
Markets
SaaSEnterprise SoftwarePredictive AnalyticsFood Tech
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Plate IQ careers

AP Automation & Expense Management For Fast Growing Businesses
Plate IQ helps fast growing businesses automate accounts payables on their terms. We simplify everything from invoice management to payments for both recurring and one-off expenses with a cloud-first approach that enables remote work.

We leverage OCR, machine learning, and real-time analytics to automate the back-office & provide pricing transparency to increase profits for all businesses. With Plate IQ, companies can pay invoices, track inventory and understand their spend.
We can tell in real time, how much a business is spending on a specific item or better yet how much they should charge to make a profit when costs of goods sold go up.

We are process close to 6 million invoices a year automatically, totaling over $3billion in annual spend. On our busiest day, we processed close to 40,000 invoices in less than 24 hours. Companies used Plate IQ to pay their vendors directly, averaging close to $1 billion in payments via ACH, virtual cards and checks.
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Product management experience in Mobile and experience in hospitality operations.
Total raised

$165.3M

Funded over

3 rounds

Latest round

Series B (Nov 2021)

Healthcare benefits

Retirement benefits

Equity benefits

Remote friendly

Generous vacation

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