Ratio
Automate bill payments with features like invoice data extraction, approval management, and payment scheduling to optimize cash flow.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | $317m | Early VC | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Ratio Payments, founded in 2021 and headquartered in Toronto, Canada, specializes in automating accounts payable processes for businesses. Their platform streamlines invoice management by automatically extracting data, matching invoices to purchase orders, and facilitating approvals through customizable workflows. It also enables bulk payments via ACH/EFT, integrating seamlessly with existing accounting software such as QuickBooks, Sage, Xero, and NetSuite. This integration ensures data synchronization and reduces manual data entry, enhancing efficiency and accuracy in financial operations. Ratio Payments primarily serves small and medium-sized businesses, aiming to simplify financial management and improve cash flow. The company has attracted investment from firms like TTV Capital, Better Tomorrow Ventures, and ACP Partners, supporting its mission to innovate in the financial technology sector.
Keywords: Ratio Payments, accounts payable automation, invoice management, ACH/EFT payments, accounting software integration, financial technology, Toronto, TTV Capital, Better Tomorrow Ventures, ACP Partners.