About MineralTree
MineralTree is a Technology company based in Cambridge (United States) founded in 2010, and was acquired by Global Payments in September 2021. Cloud-based accounts payable automation is delivered for businesses. It operates in the Technology and Financial Services sectors. 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. MineralTree has completed 2 acquisitions, including Inspyrus and Regal Software. Its website mineraltree.com draws about 41 thousand monthly visits. MineralTree offers products and services including TotalAP, TotalPay, and Virtual Cards. Its focus areas include FinTech, Payments, Business Payments and Mass Payouts. Its legal entity in India is Mineraltree Private Limited (U74999KA2017FTC103982). Its competitors include Coupa, Sage Group and Tipalti; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Cambridge, United States
- Employees 26
- Stage Acquired
- SectorsTechnologyFinancial Services
- Website category Finance · Financial Planning and Management
- Website mineraltree.com
- Social LinkedIn X Facebook Instagram
- Acquired by Global Payments (Sep 2021)
- Legal Name Mineraltree Private Limited
- Date of Incorporation 20 Jun, 2017
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹9,250
FY 2024 · -100% YoY
- Indian entity net loss-₹13.5 Lakh
FY 2024 · -14613% margin
- Indian entity EBITDA-₹12.9 Lakh
FY 2024 · -13931% margin
- Total Equity Funding$123.38M (USD)
in 5 rounds
- Latest Funding Round$54.43M (USD), Series D
Sep 2020
- InvestorsGlobal Payments
& 4 more
- Employee Count26
- Investments & AcquisitionsInspyrus
& 1 more
- Acquired byGlobal Payments
(Sep 2021)
Associated legal entities of MineralTree
MineralTree operates through Mineraltree Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mineraltree Private Limited CIN U74999KA2017FTC103982 | Active | 20 Jun 2017 | Bangalore, Karnataka | ₹0.0 Cr | 26 | 2 | View details |
Products & Services of MineralTree
MineralTree offers a comprehensive portfolio of products and services, including TotalAP, TotalPay, and Virtual Cards.
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
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 $123.38M
- Total Rounds 5
- Last Round Series D — $54.43M
- First Round $1.5M
(Feb 2011)
- Investors Count 4
All 5 funding rounds of MineralTree with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2020 | $54.43M | Series D | – | Great Hill Partners, Eight Roads Ventures | – |
| Mar 2019 | $50M | Series C | – | Great Hill Partners | |
| Feb 2015 | $11.14M | Series B | – | First Data | |
| Jun 2012 | $6.32M | Series A | – | Eight Roads Ventures | |
| Feb 2011 | $1.5M | Seed | – | .406 Ventures | – |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Business acquisitions are targeted by the private equity firm. | greathillpartners.com | Boston, United States | ||
Venture capital investment and global platform support for startups. | 2008 | eightroads.com | London, United Kingdom | |
Early-stage tech companies are supported through venture capital investments. | 406ventures.com | Boston, United States | ||
Payment processing and electronic commerce services are offered worldwide. | 1971 | firstdata.com | Atlanta, United States | |
Cloud-based payment processing is provided for eCommerce and businesses. | 1967 | globalpayments.com | Atlanta, United States |
Investor details for MineralTree
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Verified entity values are shown only after access is granted.
Board of directors of Mineraltree Private Limited (MineralTree)
Mineraltree Private Limited is the primary company behind MineralTree. The board of Mineraltree Private Limited currently have 2 directors; the longest-serving is Ram Purohit, appointed in 2021. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ram Purohit DIN 02984406 | Director | 26 May 2021 | 5 yrs 5 mo | Mineraltree Private Limited |
| Praveen Raj Shukla DIN 08270479 | Additional Director | 09 Jan 2026 | 9 mo | Mineraltree Private Limited |
People of MineralTree
20 people are tracked at MineralTree (6 in leadership, 14 in team); the tracked headcount is 26.
| Name | Role | Group |
|---|---|---|
Joe Fortini | VP, Customer Success | Leadership |
Elle Kowal | COO | Leadership |
Sera Chowdhury | VP of Sales | Leadership |
Nick Rand | Senior Director, Sales Engineering & Implementation | Leadership |
Joe Dakoske | Program Director | Leadership |
Jay McCormack | Director, Client Services | Leadership |
Kevin Bates | Senior Customer Success Manager - Named Accounts | Team |
| India Lead | Team | |
Chiyedza Nyahuye | Sales Professional | Team |
Bernice Ritch | Business Development Representative | Team |
Taylor Stevens | Customer Success Manager | Team |
Mathew Finkler | Product Manager | Team |
Goran Mandic | Technical Support T1 Team Lead | Team |
Alexandra Kayal | Senior Customer Success Manager | Team |
Shannon Boyd | Senior Implementation Manager | Team |
Eury Almonte | Account Executive | Team |
Lydia Morton | Team Lead Business Development Representative | Team |
Tyler Frederick | Account Executive | Team |
Jackie Tran | Implementation Manager | Team |
Jordan de Groot | Senior Account Executive | Team |
Complete people profiles for MineralTree
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of MineralTree
Figures of Mineraltree Private Limited, the primary company behind MineralTree, for FY 2024. Revenue was ₹9,250 (-100% year on year). Net loss was -₹13.5 Lakh (-14613% margin). EBITDA was -₹12.9 Lakh (-13931% margin). Revenue has grown at a compounded annual rate of -93% over three years and -78% over five years.
- ₹9,250Revenue · FY 2024 · -100% YoY
- -₹13.5 LakhNet loss · -14613% margin
- -₹12.9 LakhEBITDA · -13931% margin
- ₹1 LakhPaid-up capital
- 26Employees (provident fund records)
- -93%Revenue CAGR, 3 years
- -78%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mineraltree Private Limited are on its company page.
Detailed financial statements for MineralTree
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by MineralTree
MineralTree has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Inspyrus and Regal Software.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Payment automation software is offered to link banks and corporates. | regal-software.com | Alpharetta, United States | 2008 | Sep 2020 | •••• | |
Automation software for accounts payable and finance operations is provided. | inspyrus.com | San Francisco, United States | 2007 | Sep 2020 | •••• |
Complete acquisition details for MineralTree
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of MineralTree
6 dated milestones of MineralTree across 11 years, from founding to its latest funding, stage changes and deals.
- Founded MineralTree is founded.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Series D, of $54.4M.
- Acquisition Acquires Inspyrus.
- Acquisition Acquires Regal Software.
- Exit Acquired by Global Payments.
Competitors of MineralTree
MineralTree has 3 listed competitors in our database, 2 of them funded. They include Coupa, Sage Group and Tipalti.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coupa.com | 2006 | San Mateo, United States | $169M | 643 | Cloud-based end-to-end spend management software is delivered for businesses. | |
| sage.com | 1981 | United States | 1,877 | Cloud-based accounting and payroll solutions for small and medium businesses | ||
| tipalti.com | 2010 | Foster, United States | $553M | 360 | Cloud-based procurement and invoice management solutions are offered to businesses. |
Detailed competitors of MineralTree
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- Full competitor set
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Web traffic of MineralTree
The website of MineralTree (mineraltree.com) receives about 41.2K visits a month and ranks #400,419 among all websites worldwide, #5,046 in Financial Planning and Management.
- Monthly visits41.2K
▼ 24.6% vs previous month
- Unique visitors12.8K
per month
- Global rank#400,419
among all websites
- Category rank#5,046
Finance · Financial Planning and Management
- Bounce rate14%
- Pages per visit7.1
- Average visit10 min 11 sec
- DevicesDesktop 76% · Mobile 24%
Websites whose visitors overlap most with MineralTree. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| dsgpay.com | 100% | 39.7K | #814,264 | View details | |
| prioritycommerce.com | 99% | 298.3K | #146,252 | View details | |
| gravitypayments.com | 98% | 60.9K | #377,807 | View details | |
| trustpayments.com | 98% | 154.5K | #253,656 | View details | |
| payally.co.uk | 92% | 13.8K | #1,788,937 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for MineralTree
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- 40 similar websites
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- Traffic by brand
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Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as MineralTree (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about Mineraltree
Complete news archive for MineralTree
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Frequently Asked Questions about MineralTree
MineralTree was founded in 2010 and raised its 1st funding round 1 year after it was founded.
MineralTree is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
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 Seed of $1.5M, raised on Feb 2011.
MineralTree has 26 employees.
The primary company behind MineralTree, Mineraltree Private Limited, reported revenue of ₹9,250 for FY 2024, down 100% year on year.
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.
MineralTree's top competitors include Coupa, Sage Group and Tipalti.
MineralTree offers TotalAP, TotalPay, and Virtual Cards.
MineralTree has made 2 acquisitions, including Inspyrus, and Regal Software.
MineralTree has 5 investors. Key investors include Global Payments, Fiserv, Eight Roads Ventures, Great Hill Partners, and .406 Ventures.
MineralTree operates through Mineraltree Private Limited.
Yes. MineralTree was acquired by Global Payments in September 2021.