About MineralTree
MineralTree is a company based in Cambridge (United States) founded in 2010 was acquired by Global Payments in September 2021.. MineralTree has raised $123.38 million across 5 funding rounds from investors including Global Payments, Fiserv and Eight Roads Ventures. The company has 26 employees as of April 10, 2024. MineralTree has completed 2 acquisitions, including Inspyrus and Regal Software. MineralTree offers products and services including TotalAP, TotalPay, and Virtual Cards. MineralTree operates in a competitive market with competitors including Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
- Headquarter Cambridge, United States
- Employees 26 as on 10 Apr, 2024
-
Sectors
TechnologyFinancial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Mineraltree Private Limited
- Date of Incorporation 20 Jun, 2017
- Jurisdiction Bangalore South, Karnataka, India
-
Annual Revenue
$108.76 K (USD)-91.53as on Mar 31, 2023
-
Net Profit
$75.76 K (USD)-37.88as on Mar 31, 2023
-
EBITDA
$21.05 K (USD)-88.78as on Mar 31, 2023
-
Total Equity Funding
$123.38 M (USD)
in 5 rounds
-
Latest Funding Round
$54.43 M (USD), Series D
Sep 24, 2020
-
Investors
Global Payments
& 4 more
-
Employee Count
26
as on Apr 10, 2024
-
Investments & Acquisitions
Inspyrus
& 1 more
-
Acquired by
Global Payments
(Sep 08, 2021)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of MineralTree
MineralTree offers a comprehensive portfolio of products and services, including TotalAP, TotalPay, and Virtual Cards. 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.
End-to-end software for AP and payment optimization in enterprises
Automates invoice payments with rebates and secure methods
Secure payment tool that earns rebates for businesses
Unlock access to complete
Funding Insights of MineralTree
MineralTree has successfully raised a total of $123.38M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $54.43 million completed in September 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 5
- Last Round Series D — $54.4M
-
First Round
First Round
(02 Feb 2011)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series D - MineralTree | Valuation | Great Hill Partners , Eight Roads Ventures |
|
| Mar, 2019 | Amount | Series C - MineralTree | Valuation | Great Hill Partners | |
| Feb, 2015 | Amount | Series B - MineralTree | Valuation | First Data |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MineralTree
MineralTree has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Global Payments, Fiserv and Eight Roads Ventures. 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 |
|---|---|---|---|---|
|
Business acquisitions are targeted by the private equity firm.
|
Founded Year | Domain | Location | |
|
Venture capital investment and global platform support for startups.
|
Founded Year | Domain | Location | |
|
Early-stage tech companies are supported through venture capital investments.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by MineralTree
MineralTree has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Inspyrus and Regal Software. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Payment automation software is offered to link banks and corporates.
|
2008 | ||||
|
Automation software for accounts payable and finance operations is provided.
|
2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - MineralTree
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mineraltree Comparisons
Competitors of MineralTree
MineralTree 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.
|
|
| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
|
|
| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
|
|
| domain | founded_year | HQ Location |
Corporate cards and expense management are offered to businesses.
|
|
| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
|
|
| domain | founded_year | HQ Location |
Procurement management solutions are delivered for business operations.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Mineraltree
Frequently Asked Questions about MineralTree
When was MineralTree founded?
MineralTree was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is MineralTree located?
MineralTree is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Is MineralTree a funded company?
MineralTree is a funded company, having raised a total of $123.38M across 5 funding rounds to date. The company's 1st funding round was a Series B of $11.14M, raised on Feb 02, 2011.
How many employees does MineralTree have?
As of Apr 10, 2024, the latest employee count at MineralTree is 26.
What is the annual revenue of MineralTree?
Annual revenue of MineralTree is $108.76K as on Mar 31, 2023.
What does MineralTree do?
MineralTree was founded in 2010 in Cambridge, United States, within the fintech sector focused on financial automation. Cloud-based solutions for accounts payable are provided to businesses, including invoice scanning, PDF conversion, and document-data linking. Products encompass Invoice-to-pay for automation workflows, Flexpay for payment processing, SilverPay virtual cards for vendor management, and SilverGuard for fraud detection in transactions. Operations emphasize secure, digital handling of payables across various industries.
Who are the top competitors of MineralTree?
MineralTree's top competitors include Coupa, Sage Group and Airbase.
What products or services does MineralTree offer?
MineralTree offers TotalAP, TotalPay, and Virtual Cards.
How many acquisitions has MineralTree made?
MineralTree has made 2 acquisitions, including Inspyrus, and Regal Software.
Who are MineralTree's investors?
MineralTree has 5 investors. Key investors include Global Payments, Fiserv, Eight Roads Ventures, Great Hill Partners, and .406 Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.