PredictAP, a FinTech company specialising in AI-driven accounts payable (AP) automation for the real estate industry, has announced the close of a $5m funding round.
The new investment was led by RET Ventures, with participation from Wise Ventures. Both firms have previously backed PredictAP.
The company provides AI-powered software that automates the ingestion and coding of invoices, replacing manual processes with fully coded invoices ready to flow into existing AP automation systems. Its technology is designed specifically for the real estate sector, offering integrations with widely used property management platforms including Yardi, MRI and Realpage.
The additional capital will be directed towards accelerating PredictAP’s go-to-market expansion, further development of its proprietary AI technology, and expanding its integration capabilities with leading real estate software providers.
Over the past year, PredictAP has reached several milestones that highlight its rapid expansion in the proptech space. These include a strategic partnership with global payments firm Bottomline, enabling advanced automation for real estate customers, and a fast-growing customer base now exceeding 100 companies. Its AI system currently processes more than four million invoices annually, reducing average processing times from 11 days to just three.
PredictAP CEO David Stifter said, “Securing this funding enables PredictAP to fulfill our vision of bringing unparalleled efficiencies to the finance organization in the real estate industry. We’re grateful for the continued support of our investors as we continue to scale the business and deliver even greater value to our customers through cutting-edge AI solutions
RET Ventures partner John Helm added, “PredictAP’s ability to combine cutting-edge AI with actionable results for its customers is what drew us to this company. They are solving real industry pain points in AP automation, delivering immediate efficiency gains while creating long-term value for owners and operators. We’re excited to partner with them as they expand their reach and push the boundaries of innovation in AP automation
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