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
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Sectors
TechnologyFinancial Services
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Phone
Locked
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Website
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Social
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- Legal Name Mineraltree Private Limited
- Date of Incorporation 20 Jun, 2017
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$108.76 K (USD)-91.53as on Mar 31, 2023
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Net Profit
$75.76 K (USD)-37.88as on Mar 31, 2023
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EBITDA
$21.05 K (USD)-88.78as on Mar 31, 2023
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Total Equity Funding
$123.38 M (USD)
in 5 rounds
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Latest Funding Round
$54.43 M (USD), Series D
Sep 24, 2020
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Investors
Global Payments
& 4 more
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Employee Count
26
as on Apr 10, 2024
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Investments & Acquisitions
Inspyrus
& 1 more
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Acquired by
Global Payments
(Sep 08, 2021)
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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
People of MineralTree
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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.
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.
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Business acquisitions are targeted by the private equity firm.
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Venture capital investment and global platform support for startups.
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Early-stage tech companies are supported through venture capital investments.
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Investor details for MineralTree
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Investments & Acquisitions by MineralTree
MineralTree has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Inspyrus and Regal Software.
Investment portfolio details for MineralTree
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Payment automation software is offered to link banks and corporates.
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Automation software for accounts payable and finance operations is provided.
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Complete acquisition details for MineralTree
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Financial Statements - MineralTree
Detailed financials for MineralTree
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Mineraltree Comparisons
Peer comparison for MineralTree
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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.
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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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Procurement management solutions are delivered for business operations.
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Detailed competitors of MineralTree
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Latest news on 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.
As of Apr 10, 2024, the latest employee count at MineralTree is 26.
Annual revenue of MineralTree is $108.76K as on Mar 31, 2023.
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 Airbase.
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.