Finance automation platform developer AppZen, backed at seed stage by Bloomberg and Mastercard, has now secured $102m altogether.
AppZen, a US-based finance management software producer backed by payment services provider Mastercard and media group Bloomberg, raised $50m yesterday in a series C round led by investment manager Coatue Management.
The round included venture capital firms Redpoint Ventures and Lightspeed Venture Partners and it boosted the company’s funding to $102m. The funding was secured at a $500m valuation, sources told TechCrunch.
AppZen’s artificial intelligence-equipped software automates the approval of spending decisions, meaning finance teams can work more quickly with…
