Apruve
FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 19/01/2021
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!
About
Apruve provides a better way to automate B2B credit programs and payments. Our best of breed approach gives enterprises the customization that they need in customer experience, payment offerings, and how transactions are funded.We free up enterprises from managing B2B credit and payments with a fully customizable solution.
MEDICI Analysis
Apruve is a payment and communication platform connecting B2B eCommerce buyers and sellers. Business buy from one another on a revolving line of credit with a corporate account. Apruve automates this process and finances the transaction to eliminate all A/R and lending risk for online sellers.
Focus
PRODUCTS & SERVICES
Credit management platform for B2B eCommerce transactions. It also allows business to communicate with one another
REVENUE MODEL
The company has transaction and subscription based revenue model
EXISTING PARTNERSHIPS
Broadleaf Commerce
Webtex Software,Magento Plugin
Commerce Innovated
COMMENT
Payment and communication platform that efficiently weigh the buyer's credit risk and facilitate customized payment terms, invoicing and collections.
People
FOUNDERS
Neal Tovsen
Michael Noble
BOARD MEMBERS AND ADVISORS
Thong Nguyen
Adam Roozen
NUMBER OF EMPLOYEES
11-50
INVESTORS:
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
5
TOTAL FUNDING
$9.51 M
DATE OF LAST FUNDING
Jan 2019
IPO STATUS
Private
ESTIMETED REVENUE RANGE
$1M to $10M
SEED & PRIOR FUNDING
$3.51 M
SEED CLOSED ON
Jun 2016
FUNDING SERIES
SERIES A · $6 M · Jan 2019
LISTED
NO
COMMENT
An undisclosed non equity assistance raised in April 2015.
company provided insights
Web Traffic
MONTHLY VISITS
50,134
AVERAGE VISITS (6 MONTHS)
42,683.11
MONTHLY VISITS GROWTH
-1.3%
VISIT DURATION
46
VISIT DURATION GROWTH
-7.94%
PAGE VIEWS VISIT
1.35
PAGE VIEWS VISIT GROWTH
-1.17%
BOUNCE RATE
84.3%
BOUNCE RATE GROWTH
7.2%
GLOBAL TRAFFIC RANK
595,967
MONTHLY RANK CHANGE
-153,748
MONTHLY RANK GROWTH
-20.51%
Innovation Programs
Sign up for 7 days free trial with MEDICI Inner Circle to follow and track profiles you care about.
Related Companies
Bill.com provides simple A/P and A/R solutions for personal finance and automates business bill payment and invoicing processes. Bill.com users can receive, route and pay i...
Bold is dedicated to make the financial system more accessible. It automates all of the complexity in payouts by allowing on-demand service providers and marketplace operat...
DriveWealth provides investment platform and brokerage API solutions, enabling its users to manage their wealth and seek to advise on the required matters. Its APIs allows...
Join the exclusive global FinTech community
Be a part of the global FinTech community on WhatsApp