Apruve

b2b fintech

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 17/07/2020

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About

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

Momentum

FUNDED

YES

TOTAL FUNDING

$9.51 M

DATE OF LAST FUNDING

Jan 2019

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.

Innovation Programs

BASICS

FOUNDING YEAR:

2013

LOCATION:

United States

Views:

151 VISITORS | 306 VIEWS
LATEST FUNDING ROUND

$9.51 M

TOTAL EMPLOYEES
11-50

About

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
People+
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Innovation Programs

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