Stuut raises $52.5M to fix order-to-cash

Stuut closed a $52.5 million Series B led by Insight Partners, aiming to automate order-to-cash from start to finish.

The New York-based firm said the round pushes total funding to $93 million, less than a year after its Series A, and saw Andreessen Horowitz and M12, Microsoft’s venture arm, join in.

Stuut says its platform handles collections, cash application, payments, disputes and deductions, helping customers shave DSO by 47% and free up as much as 40% more cash flow.

More than $3 billion has flowed through the system across over 150 customers, including Fortune 50 and Fortune 500 firms.

Bishop Lifting trimmed overdue receivables by 35% across its 45 branches, while ZoomInfo reported collecting $21.2 million after its time-to-first-touch dropped more than 90%.

That kind of traction only came after earlier work laid the groundwork for truly hands-off execution.

Before enterprises could hand over the work, Stuut needed to connect with any ERP, bank, CRM or payment system and show it could go live in days while staying inside existing controls.

It also had to demonstrate compounding memory, with 81.7% of outbound collections now run without human intervention and 95% of payments matched automatically.

Partnerships with Fiserv, EY, Altamont and HIG were in place before the round, and Stuut had already begun expanding from collections into credit and order management to catch errors earlier.

The labor squeeze adds context: Stuut notes more than 300,000 accountants have left the field since 2019, while US trade receivables top $7.2 trillion.

Insight Partners VP Julian Marcu and Fiserv SVP Jackson McIntosh both framed the investment as lifting the capacity ceiling on order-to-cash.

Even with that level of automation, Stuut stresses every action remains auditable and any behavior change requires approval, a safeguard enterprises will test as the company moves into lending and fund movement while posting over 90% quarter-over-quarter growth.

Scale elsewhere hints at the bar, with Sidetrade saying its models are trained on nearly $10 trillion in B2B transactions from close to 45 million buying companies.