# AppZen

**Source:** https://www.startuphub.ai/startups/appzen
**Profile type:** Startup

> AI-powered platform automating accounts payable processes for businesses.

## About

AppZen provides an AI-powered platform for accounts payable and expense management, automating workflows like invoice processing, expense report auditing, and corporate card compliance. Their solutions, including Autonomous AP and Expense Audit, are designed for finance teams to reduce operational costs, detect fraud, and ensure regulatory compliance. AppZen serves industries such as Higher Education, Life Sciences, and Manufacturing, empowering CFOs, CIOs, and Shared Services Leaders.

## Key facts

- **Slug:** appzen
- **Website:** https://www.appzen.com/
- **Location:** San Mateo, United States
- **Founded:** 2016-01-01
- **Employees:** 381
- **Operating status:** Active
- **Total funding:** $490M
- **Sectors / tags:** Accounts Payable, Accounts Payable Automation, Fintech, Enterprise Software, Workflow Automation, Generative AI, Large Language Model, Robotic Process Automation
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/appzen

## Frequently asked

### What does AppZen do?

AppZen provides an AI-powered platform for accounts payable and expense management, automating workflows like invoice processing, expense report auditing, and corporate card compliance. Their solutions, including Autonomous AP and Expense Audit, are designed for finance teams to reduce operational costs, detect fraud, and ensure regulatory compliance. AppZen serves industries such as Higher Education, Life Sciences, and Manufacturing, empowering CFOs, CIOs, and Shared Services Leaders.

### What is AppZen's valuation?

StartupHub estimates AppZen's effective valuation at $1.8B (range $1.2B to $2.9B, 19% confidence), based on comparable companies in the sector.

### How much funding has AppZen raised?

AppZen has raised a total of $490M in funding. The most recent round on record is Series D.

### Where is AppZen headquartered?

AppZen is headquartered in San Mateo, United States.

### When was AppZen founded?

AppZen was founded in 2016.

### What industry does AppZen operate in?

AppZen operates in Accounts Payable, Accounts Payable Automation, Fintech, Enterprise Software, Workflow Automation, Generative AI.

### How many employees does AppZen have?

AppZen has approximately 381 people on record.

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