Monk, an AI-native accounts receivable platform, has closed a $25m Series A funding round, bringing its total capital raised to $29m.
The round was co-led by Footwork and Acrew Capital, with continued backing from existing investor BTV. The latest raise follows a $4m seed round led by BTV in spring 2025.
Monk intends to deploy the new capital towards research and development as it looks to build out further products within the accounts receivable space.
The company targets a widespread industry challenge: trillions of dollars are tied up in accounts receivable annually, with much of it managed via email by teams manually chasing payments, reconciling deposits and fielding queries.
Monk’s platform automates the entire contract-to-cash lifecycle, and the company reports that customers typically see a 40% reduction in days sales outstanding, more than 25 hours saved per month for accounts receivable teams, and a 24% improvement in collections response rates.
Monk co-founder and CEO George Kurdin said, “AR touches your customers and your revenue — there’s no room for error.
“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.”
Footwork co-founder and general partner Nikhil Basu Trivedi said, “The challenging part of building in AI is diffusing the technology into the workflows that run the economy. We backed Monk because they’re one of the few application-layer teams willing to do the hard work.
“Monk’s wedge, an AI-native accounts receivable platform, is rapidly gaining adoption amongst AI-native companies like ElevenLabs and Profound, and is the beginning of a much broader vision to be the B2B revenue platform for the AI era. We at Footwork could not be more excited to partner with George, Joe, and the team to realize this.”
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