nipendo
RPA and AI Platform for Purchase-to-pay Process Automation
Company Overview
Snapshot
Founded in January 2007 by Eyal Rosenberg and Alon Rosenberg, nipendo operates with 11–50 employees. The company raised $12 million across two funding rounds from two investors. A significant milestone for the company was its acquisition by American Express in January 2023.
Business overview
nipendo provides a cloud-based robotic process automation (RPA) platform designed to automate purchase-to-pay (P2P) processes and enhance supplier collaboration. The platform utilizes RPA, machine learning, and AI to streamline interactions between enterprises and their suppliers, making P2P processes touch-free and error-free. It offers process governance, management, compliance enforcement, audit, validation, dispute resolution, discrepancy management, and supplier rating. nipendo serves various industries, including aerospace & defense, manufacturing, and healthcare, operating within the Fintech & Insurtech sector.
Strategic signal
In January 2023, nipendo was acquired by American Express, a move that signals a significant strategic validation of its RPA and AI platform for purchase-to-pay process automation. This acquisition highlights the growing importance of advanced automation solutions in the financial services sector and American Express's commitment to enhancing its B2B payment capabilities through innovative technology, positioning nipendo's technology for broader adoption within a major financial institution.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant corporate milestone for nipendo?
- In January 2023, nipendo was acquired by American Express, marking a significant exit for the company.
- When was nipendo founded and by whom?
- nipendo was founded in January 2007 by co-founders Eyal Rosenberg and Alon Rosenberg.
- How much capital did nipendo raise in total?
- nipendo raised a total of $12 million across two funding rounds.
- Which investors participated in nipendo's funding rounds?
- Magma Venture Partners participated in a funding round in October 2009. In March 2013, Horizons Ventures and Magma Venture Partners participated in another funding round.
- What was a key recognition for nipendo in 2015?
- In June 2015, nipendo was awarded a patent for Automated B2B Integration and Supplier Collaboration, and also won the 2015 Supply & Demand Chain Executive 100 Award.