artificial intelligence/machine learning
Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!
Finance favors the bold
AppZen Inc. develops artificial intelligence solutions for back-office automation, including an automated solution for expense report compliance and audit.
It offers an enterprise-level, automated expense reporting & auditing product that reviews expense report data, crosschecks it with external sources & social media in real-time, and detects compliance issues & fraud. The company’s data science-based technology automatically detects accidental, as well as intentional fraud, and provides real-time compliance to IRS rules, FCPA regulations, and company policies.
The company follows subscription plans: Expense Audit: charges $3 per report Expense Automation +Audit: charges $9 per month(per employee)
Some of the clients are Comcast
SemGroup
Sunrun
Silicon Image
Hitachi
National Instruments
Calypso
Amazon
Citi
Hitachi
Salesforce
Intuit
Airbus
CBS
AppZen’s patent pending, artificial intelligence based technology automatically creates expense reports, provides real-time compliance to regulatory requirements and company policies and automatically audits and assigns risk scores to every expense to detect fraud and misuse.
$175 M in 2018
For Profit
Anant Kale
Kunal Verma
Simon Hagger
Simon Wood
51-200
YES
6
$100.9 M
Sep 2019
Private
$1M to $10M
$2.9 M
Jun 2016
SERIES A · $13 M · Nov 2017
SERIES B · $35 M · Oct 2018
SERIES C · $50 M · Sep 2019
NO
58,592
47,853.84
26.54%
1,008
-4.09%
11.53
19.5%
41.51%
-2.74%
326,825
-156,959
-32.44%
Sign up for 7 days free trial with MEDICI Inner Circle to follow and track profiles you care about.
Be a part of the global FinTech community on WhatsApp