Stuut, a New York-based company specializing in artificial intelligence-driven financial solutions, has successfully raised $52.5 million in a Series B funding round. The round was led by Insight Partners with participation from Andreessen Horowitz, M12, and Activant. The financing was closed within 24 hours, increasing Stuut's total funds raised to $93 million.
This funding came just 10 months after the company secured $29.5 million in a Series A round. The funds are planned to meet growing customer demand and to achieve deeper penetration into the financial transaction infrastructure. Stuut offers an AI platform designed to automate workflows from order placement to payment receipt for large enterprises.
The platform covers order management, lending, payment collection, payment processing, and fund application. Furthermore, it handles dispute resolution and deductions throughout the entire transaction lifecycle. This approach helps financial teams resolve issues before they lead to payment delays.
The system integrates with Enterprise Resource Planning (ERP) systems and other financial tools, including bank accounts, CRM systems, and payment platforms. Stuut states that its agents can contact customers via email, SMS, and phone, and access accounts payable portals to investigate payment issues. The platform maintains context from previous interactions, and every action remains auditable within existing control and approval processes.
The company initially focused on payment collection before expanding its scope to cover the entire order-to-payment process. Stuut found that late payments often stem from earlier transaction issues, such as missing purchase orders, which can lead to invoice rejections or deductions. Delays can also be caused by price discrepancies or incorrect contact information.
Stuut notes that globally, businesses have approximately $16 trillion frozen in accounts receivable, and believes that inefficient order-to-payment cycle processes can cause significant revenue leakage. The platform is currently used by over 150 companies, including members of the Fortune 50 and Fortune 500. The company reports that over $3 billion has passed through its platform, and clients have recorded a 47% reduction in days sales outstanding.
The company plans to scale its platform as corporate demand grows. The new funding will support Stuut's expansion into the enterprise market and further deepening its integration into the financial infrastructure. The roadmap includes lending, loan provision, and fund movement, enabling Stuut to handle transactions beyond collection and reconciliation.
The company states that 81.7% of outbound payment collection activities are now performed without human intervention, and 95% of incoming payments are automatically matched. Stuut was founded in 2024 by Tareq Alaruri, Ben Winter, and Mirajm Mosin; Alaruri previously co-founded the procurement software company Fairmarkit.
The latest round followed several developments related to the Stuut platform: the company was included in the Microsoft Marketplace and joined the Microsoft startup program. Insight Partners led the latest financing after supporting other automation enterprises. Andreessen Horowitz also participated after leading Stuut's Series A. M12 joined the round as a Microsoft venture fund, and Activant returned as an investor after its initial involvement. Stuut reports that its customer base has grown fivefold, and every completed Proof of Concept has been converted into a paying client.
The company's broader goal is to manage transactions from initial orders to final payment. Currently, the company faces a growing opportunity in corporate finance, and the next phase will focus on testing whether AI can manage increasingly complex financial workflows.