Monk Raises $25 Million Series A to Expand AI Accounts Receivable Platform

April 21, 2026
Monk has raised $25 million in a Series A funding round co-led by Footwork and Acrew Capital, with continued participation from BTV. The company plans to use the investment to advance research and development of its AI accounts receivable automation platform.

Monk has raised $25 million in a Series A funding round co-led by Footwork and Acrew Capital, with continued participation from BTV, announced in a press release. The round brings Monk's total funding to $29 million, following a $4 million seed round led by BTV in spring 2025.

Monk provides an AI platform that automates the full contract to cash process, including invoicing, collections, cash application, and dispute resolution. The company reports that its customers have achieved a 40 percent reduction in days sales outstanding, saved over 25 hours per month for accounts receivable teams, and improved collections response rates by 24 percent.

The new funding will support continued research and development and the creation of new products for business-to-business finance operations. Monk, headquartered in New York, was co-founded by George Kurdin and Joe Zhou.

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