Monk Raises $25M in Series A Funding Led by Footwork

The company has raised a total of $29 million, including a $4 million seed round led by BTV in spring 2025. It plans to use the funds to invest in research, and development and continue building leading products in the accounts receivable space.

Monk is an AI-native accounts receivable platform that helps automate the full contract-to-cash process. Today, trillions of dollars in payments are stuck in accounts receivable, often managed through emails and manual work like chasing payments, answering questions, and matching invoices. Monk uses AI to reduce this workload, helping companies lower days sales outstanding by about 40%, save 25+ hours per month for AR teams, and improve collections response rates by 24%.

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"AR touches your customers and your revenue — there's no room for error," said George Kurdin, Co-Founder and CEO of Monk. "We obsess over making AI accurate enough to handle real money. Every model call is wrapped in deterministic code and tested against thousands of edge cases. That's what lets a small team manage over a billion in receivables for our customers."

"The challenging part of building in AI is diffusing the technology into the workflows that run the economy. We backed Monk because they're one of the few application-layer teams willing to do the hard work," said Nikhil Basu Trivedi, Co-Founder and General Partner at Footwork. "Monk's wedge, an AI-native accounts receivable platform, is rapidly gaining adoption amongst AI-native companies like ElevenLabs and Profound, and is the beginning of a much broader vision to be the B2B revenue platform for the AI era. We at Footwork could not be more excited to partner with George, Joe, and the team to realize this."

About Monk

Founded in 2024, by George Kurdin, and Joe Zhou, Monk is an AI native accounts receivable platform that automates the full contract to cash process for B2B companies, including invoicing, collections, cash application and dispute resolution.

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