Stuut raises $52.5M to automate the work between an invoice and payment

Stuut has raised a $52.5 million Series B for software that takes on the repetitive work between an enterprise making a sale and receiving the cash. Finance teams use the platform to pursue unpaid invoices, match incoming payments and resolve disputes across their existing systems. Insight Partners led the round, with Andreessen Horowitz and Microsoft’s M12 among the participants.

A late payment often begins with something small: a missing purchase order, incorrect order data or an invoice sent to the wrong person. Stuut follows those problems across email, text messages, calls and customer payment portals, then reconciles the resulting cash against invoices. The company says its software connects with customers’ enterprise-resource-planning, bank, customer-management and payment systems without requiring them to replace those tools.

The distinction is execution rather than another dashboard for accounts-receivable staff. Stuut says 81.7% of outbound collection activity on its platform now runs without human involvement, while 95% of incoming payments are matched automatically. Companies can audit its actions, and changes to how it behaves require approval.

Stuut reports more than 150 customers, including Honeywell, ZoomInfo and PerkinElmer, and says its customer base has grown fivefold over the past year. More than $3 billion has moved through the platform. Those are company-supplied figures, but they show the scale behind a Series B announced only ten months after its Series A.

The customer examples make the workflow more concrete. Stuut says Bishop Lifting deployed the product across 45 branches for collections, disputes and cash application, cutting overdue receivables by 35% and freeing $3 million of working capital. At ZoomInfo, the platform has collected $21.2 million; the customer said Stuut automated routine collection work while leaving judgment-heavy accounts to its finance team.

The round brings Stuut’s total funding to $93 million. Its product already extends into credit and order management, where problems can be caught before an invoice becomes overdue. Stuut plans to use the financing to go deeper into transaction infrastructure spanning credit, lending and the movement of funds.