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Monto provides businesses with automated invoice processing and payment tools.
Founded in 2021 by Yoav Shotland, Nitsan Yerushalmi, Maya Cohen, and Gabriel Wertheimer, Monto is based in Raanana, Israel. Its B2B platform automates invoice processing and payments, with data extraction, verification, payment updates, and ERP integrations. In July 2024, Monto raised USD 9 million in seed funding led by Scale Venture Partners, with Verissimo Ventures, F2 Venture Capital, Firsthand Alliance, and Room40 Ventures participating. The funding will support US expansion and product development.
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