About Nipendo
Nipendo is a company based in Netanya (Israel) founded in 2007 was acquired by American Express in January 2023. Nipendo has raised $12 million across 2 funding rounds from investors including American Express, Horizons Ventures and Magma Venture Partners. Nipendo offers products and services including Invoice Automation, RFX-To-Payment, Supplier Relationship Management, Accounts Payable Automation, and OCR Extraction. Nipendo operates in a competitive market with competitors including Coupa, Tipalti, Isometric Technologies, SAP Ariba and Extendeal, among others.
- Headquarter Netanya, Israel
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Sectors
TechnologyFinancial Services
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Nipendo Ltd.
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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
$12 M (USD)
in 2 rounds
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Latest Funding Round
$8 M (USD), Series B
Mar 11, 2013
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Investors
American Express
& 2 more
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Employee Count
Not available
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Acquired by
American Express
(Jan 12, 2023)
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Products & Services of Nipendo
Nipendo offers a comprehensive portfolio of products and services, including Invoice Automation, RFX-To-Payment, Supplier Relationship Management, Accounts Payable Automation, and OCR Extraction.
Automates invoice processing to minimize errors and speed up payments.
Manages full procurement cycle from requests to payments.
Enhances interactions and transparency with suppliers.
Streamlines AP processes for efficient invoice handling.
Extracts and validates data from documents automatically.
People of Nipendo
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Leadership Team
492 people
Software Development Team
373 people
Senior Team
132 people
Sales and Marketing
128 people
Product Management Team
69 people
Finance and Accounting
46 people
Data Analysis and Operations Team
42 people
Legal and Compliance
37 people
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Funding Insights of Nipendo
Nipendo has successfully raised a total of $12M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $8 million completed in March 2013. 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 Nipendo
Nipendo has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include American Express, Horizons Ventures and Magma Venture Partners.
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Horizons Ventures is focused on investing in deep science and technology.
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Early-stage Israeli startups are invested in by Magma Venture Partners.
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Financial products for individuals and businesses are compared online.
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Investor details for Nipendo
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Investments & Acquisitions by Nipendo
Investment portfolio details for Nipendo
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Financial Statements - Nipendo
Detailed financials for Nipendo
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Nipendo Comparisons
Peer comparison for Nipendo
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Competitors of Nipendo
Nipendo 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, Tipalti, Isometric Technologies, SAP Ariba and Extendeal, among others.
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Cloud-based end-to-end spend management software is delivered for businesses.
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Cloud-based procurement and invoice management solutions are offered to businesses.
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A SaaS-based collaborative performance management platform is offered.
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E-procurement, invoicing, and B2B collaboration software is offered for businesses.
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Web-enabled procure-to-pay solution for enterprise procurement is provided.
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Web-based source-to-pay management solutions are offered by Newtron.
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Detailed competitors of Nipendo
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Latest news on Nipendo
Complete news archive for Nipendo
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Frequently Asked Questions about Nipendo
Nipendo was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Nipendo is headquartered in Netanya, Israel. It is registered at Netanya, Central District, Israel.
Nipendo is a funded company, having raised a total of $12M across 2 funding rounds to date.
Nipendo was founded in 2007 in Netanya, Israel, where cloud-based trading partner networks are operated to facilitate electronic procurement and invoicing. The procure-to-pay lifecycle, from order receipt to payment reconciliation, is automated for enterprise-level organizations. Services are extended across industries such as high-tech, defense, healthcare, telecommunications, pharmaceuticals, banking, and food and beverage, enabling supplier ecosystem management to support operational efficiency.
Nipendo's top competitors include Coupa, Tipalti and Isometric Technologies.
Nipendo offers Invoice Automation, RFX-To-Payment, Supplier Relationship Management, Accounts Payable Automation, and OCR Extraction.
Nipendo has 3 investors. Key investors include American Express, Horizons Ventures, and Magma Venture Partners.