What is SnapAP?
SnapAP operates a cloud-based Purchase To Payment (P2P) technology platform designed to drive business operating efficiencies. Its solution encompasses critical financial processes including Requisitioning, Procurement, Purchasing, Delivery Tracking, Invoices Management, and Payments Processing. The platform is utilized by over 50,000 users globally, facilitating the processing of more than $200 million annually in payments between clients and their worldwide suppliers and vendors. Adopting SnapAP typically results in substantial cost savings, with customers often realizing a 90% reduction in average invoice processing costs, alongside numerous other "time & money-saving" benefits.
How much funding has SnapAP raised?
SnapAP has raised a total of $2M across 1 funding round:
Angel/Seed
$2M
Angel/Seed (2020): $2M, investors not publicly disclosed
What's next for SnapAP?
The recent major strategic investment signals a pivotal phase for SnapAP, likely indicating a move towards scaling operations, expanding market reach, and potentially developing new features for its P2P platform. This capital will be instrumental in solidifying its competitive advantage and capturing a larger share of the enterprise procurement and payment processing market. Future developments may focus on enhancing AI-driven automation within its existing modules or exploring integrations with other financial ecosystems to offer a more comprehensive suite of services.
See full SnapAP company page
