About Corcentric
Corcentric is a company based in Mclean (United States) founded in 1998. Corcentric has raised $81.2 million across 4 funding rounds from investors including Bank of America, JPMorgan Chase and TCW. Corcentric has completed 4 acquisitions, including Determine, Netsend and Vendorin. Corcentric offers products and services including Intelligent AP Automation, Managed Accounts Payable, and Intelligent Applications. Corcentric operates in a competitive market with competitors including Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
- Headquarter Mclean, United States
- Stage Public
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Sectors
Technology
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Phone
Locked
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Website
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Social
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- Legal Name Corcentric, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$81.2 M (USD)
in 4 rounds
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Latest Funding Round
$80 M (USD), Series B
May 01, 2020
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Investors
Bank of America
& 3 more
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Employee Count
Not available
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Investments & Acquisitions
Determine
& 3 more
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Products & Services of Corcentric
Corcentric offers a comprehensive portfolio of products and services, including Intelligent AP Automation, Managed Accounts Payable, and Intelligent Applications.
Automates accounts payable for efficient processing and error reduction
Handles payable management to improve cash flow and vendor relations
Uses AI for faster data access and touchless transaction processing
People of Corcentric
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Leadership Team
33 people
Software Development Team
29 people
Sales and Marketing
17 people
Product Management Team
14 people
Senior Team
6 people
Data Analysis and Operations Team
6 people
Creative and Marketing Team
4 people
Operations Team
4 people
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Funding Insights of Corcentric
Corcentric has successfully raised a total of $81.2M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $80 million completed in May 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Corcentric
Corcentric has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Bank of America, JPMorgan Chase and TCW.
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Investments are directed toward high-growth startups in multiple sectors.
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Financial services are provided to consumers and corporations worldwide.
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Commercial banking and asset management services are offered worldwide.
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Investor details for Corcentric
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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Investments & Acquisitions by Corcentric
Corcentric has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Determine, Netsend and Vendorin.
Investment portfolio details for Corcentric
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Electronic B2B payments are facilitated via supplier profiles.
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Cloud-based platform is provided for e-invoicing solutions.
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SaaS solutions for procurement, contracts, and supplier management are provided.
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Locked | Locked | 1996 | Locked |
Complete acquisition details for Corcentric
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Corcentric
Detailed financials for Corcentric
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- Profit trends
- Statement rows
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Corcentric Comparisons
Peer comparison for Corcentric
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- Named peers
- Headcount comparison
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Competitors of Corcentric
Corcentric operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based end-to-end spend management software is delivered for businesses.
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Cloud-based accounting and payroll solutions for small and medium businesses
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Cloud-based procurement and invoice management solutions are offered to businesses.
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Corporate cards and expense management are offered to businesses.
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Procure-to-pay management software is offered for business operations.
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Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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Detailed competitors of Corcentric
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- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Corcentric
Complete news archive for Corcentric
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Frequently Asked Questions about Corcentric
Corcentric was founded in 1998 and raised its 1st funding round 14 years after it was founded.
Corcentric is headquartered in Mclean, United States. It is registered at Mclean, Virginia, United States.
Corcentric is a funded company, having raised a total of $81.2M across 4 funding rounds to date.
Founded in 1998 and headquartered in McLean, United States, Corcentric operates in the procurement and financial automation sector. Cloud-based platforms are offered for e-invoicing, invoice processing, ERP integration, approval workflows, payments, data capture, and centralized billing. Source-to-pay functionalities include supplier and contract management alongside invoice handling, while order-to-cash services cover credit, dispute, and collections management. Operations focus on streamlining business financial processes.
Corcentric's top competitors include Coupa, Sage Group and Airbase.
Corcentric offers Intelligent AP Automation, Managed Accounts Payable, and Intelligent Applications.
Corcentric has 4 investors. Key investors include Bank of America, JPMorgan Chase, TCW, and Bregal Sagemount.