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
*********
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Website
*********
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Social
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- Legal Name Corcentric, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $80.0M
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First Round
First Round
(01 Dec 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2020 | Amount | Series B - Corcentric | Valuation | Bregal Sagemount |
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| Nov, 2018 | Amount | Debt – Conventional - Corcentric | Valuation |
investors |
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| May, 2018 | Amount | Series A - Corcentric | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed toward high-growth startups in multiple sectors.
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Founded Year | Domain | Location | |
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Financial services are provided to consumers and corporations worldwide.
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Founded Year | Domain | Location | |
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Commercial banking and asset management services are offered worldwide.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Corcentric
Corcentric has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Determine, Netsend and Vendorin. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Electronic B2B payments are facilitated via supplier profiles.
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2007 | ||||
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Cloud-based platform is provided for e-invoicing solutions.
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1999 | ||||
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SaaS solutions for procurement, contracts, and supplier management are provided.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Corcentric
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Corcentric Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based end-to-end spend management software is delivered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Corporate cards and expense management are offered to businesses.
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| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
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| domain | founded_year | HQ Location |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Corcentric
Frequently Asked Questions about Corcentric
When was Corcentric founded?
Corcentric was founded in 1998 and raised its 1st funding round 14 years after it was founded.
Where is Corcentric located?
Corcentric is headquartered in Mclean, United States. It is registered at Mclean, Virginia, United States.
Is Corcentric a funded company?
Corcentric is a funded company, having raised a total of $81.2M across 4 funding rounds to date. The company's 1st funding round was a Series A of $1.2M, raised on Dec 01, 2012.
What does Corcentric do?
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.
Who are the top competitors of Corcentric?
Corcentric's top competitors include Coupa, Sage Group and Airbase.
What products or services does Corcentric offer?
Corcentric offers Intelligent AP Automation, Managed Accounts Payable, and Intelligent Applications.
How many acquisitions has Corcentric made?
Who are Corcentric's investors?
Corcentric has 4 investors. Key investors include Bank of America, JPMorgan Chase, TCW, and Bregal Sagemount.
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