New York-based fintech Monk is preparing to scale its flagship accounts receivable platform with a capital update of $25 million in Series A funding. The round was co-led by Footwork and Acrew Capital, with continued support from Better Tomorrow Ventures (BTV).

The Monk platform is designed to automate the B2B accounts receivable process using AI, real-time tracking, and smart workflows, specifically handling the contract-to-cash lifecycle and administrative tasks like invoicing and payment collection. 

Created by George Kurdin and Joe Zhou, the start-up emerged from stealth just six months ago with $4 million in seed funding led by BTV. GTMfund and Rerail founder Anthony Danon are also understood to be backing Monk, with $29 million in total funding. 

A company statement confirms that these funds will be used to “invest in research and development”, with CEO Kurdin adding the founders “obsess over making AI accurate enough to handle real money”. Current customers include ElevenLabs, Profound, and Siro.

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