Rimilia Holdings Ltd makes AI-driven cash application software that automates the invoice-to-cash cycle.
Rimilia sells cash application software that uses artificial intelligence to automate payment allocation in the invoice-to-cash cycle, for financial institutions and retail businesses in North America, Europe and Asia-Pacific. Founded in 2008 in the UK, it reported FY2023 revenue of USD 18.93 mn and EBITDA of USD 1.69 mn, mainly from subscription licensing. BlackLine Systems Inc. acquired the company in October 2020 for USD 150 mn, including a USD 120 mn upfront payment, and the profile is listed at the Late stage.
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