nipendo

Company Overview

Snapshot

Founded in January 2007 by Eyal Rosenberg and Alon Rosenberg, nipendo operates with 11–50 employees. The company raised a total of $12 million across two funding rounds and was acquired 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. Leveraging RPA, machine learning, and AI technologies, its platform streamlines interactions between enterprises and their suppliers across various spend categories. The company's solutions offer process governance, compliance enforcement, audit and validation, dispute resolution, and supplier rating, serving industries such as Aerospace & Defense, Manufacturing, Healthcare, and Chemicals within the Fintech & Insurtech sector.

Strategic signal

In January 2023, nipendo was acquired by American Express. This acquisition signals a strategic move by American Express to integrate advanced B2B payments automation capabilities, enhancing its offerings in the fintech space and indicating a strong validation of nipendo's technology and market position in streamlining procure-to-pay processes.

Company Intelligence Q&A

When was nipendo acquired?

nipendo was acquired by American Express in January 2023.

What is nipendo's primary focus?

nipendo focuses on providing a cloud-based robotic process automation (RPA) and AI platform for purchase-to-pay process automation and supplier collaboration.

Which investors participated in nipendo's March 2013 funding round?

In March 2013, nipendo received funding from Horizons Ventures and Magma Venture Partners.

What was a notable recognition for nipendo in June 2014?

In June 2014, nipendo was named a "Cool Vendor" by Gartner.

What was a key partnership for nipendo in June 2020?

In June 2020, Rapid Deployment Solutions (RDS) and nipendo signed a reseller agreement.