Monk, an artificial intelligence-powered accounts receivable platform, has raised $25 million in Series A funding to accelerate the development of its AI-native financial operations technology and expand its mission of helping businesses improve cash collection processes. The New York-based company is building software designed to automate the complex workflows involved in accounts receivable, including invoice management, collections, cash application, and payment reconciliation.

The Series A round was co-led by Footwork and Acrew Capital, with continued participation from Better Tomorrow Ventures. The financing brings Monk’s total funding raised to $29 million following a $4 million seed round led by Better Tomorrow Ventures in 2025.

Founded by George Kurdin and Joe Zhou, Monk is developing technology aimed at modernizing the accounts receivable function, an area that has traditionally depended heavily on manual processes, spreadsheets, emails, and repetitive follow-ups. The company’s platform uses artificial intelligence to automate the contract-to-cash lifecycle, helping businesses manage collections, customer communication, invoice workflows, and cash application more efficiently.

Monk was created around the idea that accounts receivable remains one of the most important yet underserved areas of business operations. While enterprise software has transformed other financial processes, such as accounting, customer relationship management, and accounts payable, many companies still rely on manual methods to collect outstanding payments and resolve invoice-related issues. Monk aims to address this gap by applying AI to the complex decisions and exceptions that slow down payment cycles.

The company’s platform focuses on what it describes as intelligent collections, helping businesses handle challenges such as customer inquiries, payment disputes, purchase order mismatches, portal uploads, and invoice reconciliation. Rather than automating only simple reminders, Monk is designed to support more complicated accounts receivable tasks that typically require human judgment and operational expertise.

Monk said the new funding will be used to invest in research and development, expand its product capabilities, and support growth as more companies seek AI-driven solutions for financial operations. The company has reported that customers using its platform have achieved improvements including reduced days sales outstanding, increased collections response rates, and time savings for accounts receivable teams.

Investor support from Footwork and Acrew Capital reflects growing venture interest in artificial intelligence applications focused on enterprise productivity. As companies increasingly adopt AI tools across business functions, investors have shown increased interest in startups that apply AI to specialized workflows where automation can create measurable operational improvements.

Footwork, which co-led Monk’s Series A round, invests in technology companies across consumer and enterprise categories. Acrew Capital is a venture firm focused on early-stage technology companies, including businesses developing software solutions for modern enterprises. Their participation highlights confidence in Monk’s approach to bringing AI automation into financial operations.

The continued backing from Better Tomorrow Ventures also reflects the investor’s early support for Monk’s vision. The firm led the company’s initial $4 million seed financing and returned for the Series A round, supporting Monk as it moved from early product development toward broader market expansion.

Monk’s funding arrives as businesses increasingly look for ways to improve cash flow management and reduce operational inefficiencies. Accounts receivable remains a major challenge for many organizations, with delayed payments affecting working capital and financial planning. By automating communication, tracking, and decision-making processes, Monk aims to help companies collect revenue more efficiently.

The company has attracted customers including technology companies such as ElevenLabs, Profound, and Siro, demonstrating demand for AI-powered financial operations tools among growing businesses. Monk’s technology is designed to support companies that need scalable systems for managing increasingly complex payment and collections processes.

As artificial intelligence continues expanding into enterprise software, Monk represents a growing category of startups applying AI to specialized business functions. Rather than replacing entire departments, these solutions are focused on augmenting teams by automating repetitive work and helping employees manage complex workflows more effectively.

With its $25 million Series A financing led by Footwork and Acrew Capital, and continued support from Better Tomorrow Ventures, Monk plans to expand its AI-powered accounts receivable platform and continue building tools that help businesses accelerate payments, improve efficiency, and gain greater control over financial operations.

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