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
*********
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Website
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Social
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- Legal Name Nipendo Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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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. 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.
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.
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $8.0M
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First Round
First Round
(16 Oct 2009)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2013 | Amount | Series B - Nipendo | Valuation | Horizons Ventures | |
| Oct, 2009 | Amount | Series A - Nipendo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
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Horizons Ventures is focused on investing in deep science and technology.
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Founded Year | Domain | Location | |
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Early-stage Israeli startups are invested in by Magma Venture Partners.
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Founded Year | Domain | Location | |
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Financial products for individuals and businesses are compared online.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nipendo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nipendo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nipendo Comparisons
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. 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.
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| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
A SaaS-based collaborative performance management platform is offered.
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| domain | founded_year | HQ Location |
E-procurement, invoicing, and B2B collaboration software is offered for businesses.
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| domain | founded_year | HQ Location |
Web-enabled procure-to-pay solution for enterprise procurement is provided.
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| domain | founded_year | HQ Location |
Web-based source-to-pay management solutions are offered by Newtron.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nipendo
Frequently Asked Questions about Nipendo
When was Nipendo founded?
Nipendo was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is Nipendo located?
Nipendo is headquartered in Netanya, Israel. It is registered at Netanya, Central District, Israel.
Is Nipendo a funded company?
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 16, 2009.
What does Nipendo do?
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.
Who are the top competitors of Nipendo?
Nipendo's top competitors include Coupa, Tipalti and Isometric Technologies.
What products or services does Nipendo offer?
Nipendo offers Invoice Automation, RFX-To-Payment, Supplier Relationship Management, Accounts Payable Automation, and OCR Extraction.
Who are Nipendo's investors?
Nipendo has 3 investors. Key investors include American Express, Horizons Ventures, and Magma Venture Partners.