As we roll through the halfway point of Q1 in 2017, Stampli is picking up steam! We are very excited to announce a new investment by Bloomberg Beta. Together with support from Hillsven Capital and UpWest Labs, Stampli is in an excellent position to expand our efforts in product development and market outreach.
“At Stampli, we’ve built the first solution that puts human communication at the center of invoice activity,” said Stampli CEO Eyal Feldman. “This approach reduces the time and financial resources companies currently devote to invoice management by putting the people in control of the process.”
The Invoice Approvals Nightmare is Almost Over
At Stampli, our goal is to streamline the invoice approvals process with enhanced visibility and control. We offer a cloud-based interactive invoice management solution that approaches the issue from a unique angle. Ultimately, we embrace the human element of invoice management by removing the communication barriers between Accounts Payable, vendors, and approvers, allowing the entire process to become vastly more efficient.
“What makes Stampli most exciting is how an elegant product can make business better,” said Bloomberg Beta Partner James Cham. “By starting with the insight that managing invoices should be as simple as creating and sharing a Google Doc, the [Stampli team has] started to change the way that enterprise back offices should work.”
“It truly excites us to be able to support a game-changing company like Stampli, right from the beginning,” said Hillsven Capital Managing Partner, Bobby Lent. “Stampli has a world-class team motivated by their vision to change the way people work.”
About Our Friends at Bloomberg
Bloomberg Beta is an early-stage fund founded in 2013, backed by Bloomberg L.P. The fund focuses on areas that are broadly of interest to Bloomberg, but choose investments independently and invest for financial return. Bloomberg L.P. is a privately held financial software, data, and media company based in New York. Bloomberg L.P. provides financial software tools such as an analytics and equity trading platform, data services, and news to financial companies and organizations through the Bloomberg Terminal, and also includes a wire service (Bloomberg News), a global television network (Bloomberg Television), digital websites, a radio station (WBBR), and three magazines.