Monk has raised $25 million in Series A financing co-led by Footwork and Acrew Capital, with BTV also participating, which brings the company’s total capital to $29 million. The round follows a $4 million seed round in 2025, and the funds will be used to further R&D as Monk expands its AI-native platform that is capable of automating the end-to-end contract-to-cash lifecycle.
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With trillions of dollars still locked in manual accounts receivable processes, Monk using artificial intelligence aims to cut days sales outstanding by 40%, allow teams to save more than 25 hours every month, and increase collections response rates by 24%. Its system integrates deterministic code with AI models to ensure accuracy in financial workflows, enabling lean teams to manage large receivables volumes efficiently. “AR touches your customers and your revenue – there’s no room for error,” said George Kurdin, Co-Founder and CEO of Monk. “We obsess over making AI accurate enough to handle real money. Every model call is wrapped in deterministic code and tested against thousands of edge cases. That’s what lets a small team manage over a billion in receivables for our customers.”
