B2B payments management startup Accrualify has picked up $600,000 in its debut funding round.
The investment comes from wealth management technology firm Envestnet executive Scott Lee and Seattle-based seed fund Swan Venture Fund.
The San Mateo-based company operates on a SaaS model, offering enterprises accounting teams spend and vendor management software.
The technology is designed to automate month end accrual processes, allow users to manage invoicing and payments as well as analyse spending across a business.
Accrualify will use the capital to further develop its platform and expand its sales operations.
The company counts BitTorrent, ThoughtSpot and TapClicks among its clients.
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