About Nipendo
Nipendo is a Technology company based in Netanya (Israel) founded in 2007, and was acquired by American Express in January 2023. SaaS-enabled procure-to-pay automation solutions are provided for enterprises. It operates in the Technology and Financial Services sectors. Nipendo has raised $12 million across 2 funding rounds from investors including American Express, Horizons Ventures and Magma Venture Partners. Its website nipendo.com draws about 99 thousand monthly visits. Nipendo offers products and services including Invoice Automation, RFX-To-Payment, Supplier Relationship Management, Accounts Payable Automation, and OCR Extraction. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its legal entity is Nipendo Ltd.
Company details
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.
- Headquarters Netanya, Israel
- Stage Acquired
- SectorsTechnologyFinancial Services
- Website category Business and Consumer Services · Business Services
- Email••••••••
- Website nipendo.com
- Social LinkedIn X
- Acquired by American Express (Jan 2023)
- Legal Name Nipendo Ltd.
- Total Equity Funding$12M (USD)
in 2 rounds
- Latest Funding Round$8M (USD), Series B
Mar 2013
- InvestorsAmerican Express
& 2 more
- Acquired byAmerican Express
(Jan 2023)
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.
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.
- Total Funding $12M
- Total Rounds 2
- Last Round Series B — $8M
- First Round $4M
(Oct 2009)
- Investors Count 2
All 2 funding rounds of Nipendo 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 |
|---|---|---|---|---|---|
| Mar 2013 | $8M | Series B | – | Horizons Ventures | |
| Oct 2009 | $4M | Series A | – | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Horizons Ventures is focused on investing in deep science and technology. | horizonsventures.com | Hong Kong, China | ||
Early-stage Israeli startups are invested in by Magma Venture Partners. | magmavc.com | Tel Aviv, Israel | ||
Financial products for individuals and businesses are compared online. | 1850 | americanexpress.com | New York, United States |
Investor details for Nipendo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Nipendo
1540 people are tracked at Nipendo (911 in leadership, 15 in board & advisors, 614 in team).
| Name | Role | Group |
|---|---|---|
Manoj Sharma | Director | Leadership |
Aparna Singhal | Vp/gm Product Management - Global Commercial Services | Leadership |
Tim Vaudt | Director Of Engineering | Leadership |
Michael Yanez | Director | Leadership |
Dianne Cahill | President | Leadership |
Gabriel Jimenez | Vice President Of Engineering | Leadership |
Jane Calubaquib | Director | Leadership |
Glenda G. McNeal | Chief Partner Officer | Leadership |
Ravinder Choudhary | Engineering Director | Leadership |
Rupali Desai | Director | Leadership |
Tausha Paul | Vice President, Third Party Cyber Security | Leadership |
Alan Gallo | EVP, Chief Audit Executive Internal Audit Group | Leadership |
Gautam Sood | Director - Identity Fraud Risk (ato) | Leadership |
Jennifer Skyler | Chief Corporate Affairs Officer | Leadership |
Ingrid Keag | Vice President | Leadership |
Kristen McGinnis | Vice President, US Personal Loans | Leadership |
Beth Gallagher | Director | Leadership |
Phoo Nyo | Director, US Consumer Go To Market Strategy | Leadership |
Stephen J. Squeri | Chairman & CEO | Leadership |
Anjali Dewan | Vice President, Consumer & Merchant Marketing And Enterprise Personalization Decision Science | Leadership |
1520 more people are available in the full profile.
Complete people profiles for Nipendo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Nipendo
4 dated milestones of Nipendo across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Nipendo is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series B, of $8.0M.
- Exit Acquired by American Express.
Web traffic of Nipendo
The website of Nipendo (nipendo.com) receives about 99K visits a month and ranks #266,178 among all websites worldwide, #7,538 in Business Services.
- Monthly visits99K
▼ 15.1% vs previous month
- Unique visitors15.8K
per month
- Global rank#266,178
among all websites
- Category rank#7,538
Business and Consumer Services · Business Services
- Bounce rate32%
- Pages per visit6.3
- Average visit6 min 18 sec
- DevicesDesktop 84% · Mobile 16%
Websites whose visitors overlap most with Nipendo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| d.co.il | 100% | #87,433 | View details | ||
| snappconner.com | 65% | #10,318,620 | View details | ||
| amazon.com | 38% | 2.7B | #9 | View details | |
bankhapoalim.co.il | bankhapoalim.co.il | 37% | #8,956 | – | |
| leumi.co.il | 34% | 3.2M | #23,050 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for Nipendo
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 12 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Related news about 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. The company's 1st funding round was a Series A of $4M, raised on Oct 2009.
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 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.
Nipendo operates through Nipendo Ltd..
Yes. Nipendo was acquired by American Express in January 2023.