Apruve

b2b fintech

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 19/01/2021

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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:

Allegis Capital

AllegisCyber

Andcor Capital

Angels

Cloud Apps Capital Partners

MasterCard Start Path

Matchstick Ventures

Plug and Play

TTV Capital

Andcor Companies

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

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

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