Location: Israel, United State
Business Model: B2B Integration
Category: Enterprise Software, Software, B2B, Telecommunications, Health Care, Banking
“Nipendo seems to have found the right level of abstraction and flexibility in its platform, and can now address the rapidly expanding market for international e-invoicing services”. Market research company Gartner, that included Nipendo as a “Cool Vendor” in the “Cool Vendors in 2014” report.
Nipendo, which was founded in 2007, has raised funding from two main investors – Horizon Ventures and Magma Venture Partners. Nipendo Supplier Cloud enables large buying organizations to fully automate their Procure to Pay (from purchase order to the actual payment) activities with their entire supplier community.
This groundbreaking solution delivers a new level of process-driven B2B integration, enabling supply chain collaboration and compliance across all spend categories, supporting rapid onboarding of thousands of suppliers. Nipendo empowers organizations to streamline procure-to-pay processes throughout the entire supplier ecosystem, lowering the cost of doing business while increasing supply chain efficiency.
Nipendo Supplier Cloud is used by 20,000 businesses around the world including leading organizations across industries as well as multinationals such as Intel, HP, IBM, KLA Tencor, Kodak Alaris, Sigma Aldrich, Lilly and Teva Pharmaceuticals, Israel Aerospace Industries and many more. Nipendo is utilizing big data based on real-time invoice validation and reconciliation to expend the B2B FinTech ecosystem with unique services for suppliers with a range of financing options, capture a greater portion of available early payment discounts, and optimize their working capital positions.
In 2015, Nipendo has won the Supply & Demand Chain Executive 100 award for the second consecutive year. Additionally, Nipendo was included as a “Cool Vendor” in the 2014 report of “Cool Vendors in Integration” by the market research company Gartner. Nipendo was co-founded by its CEO Eyal Rosenberg and by the CTO Alon Rosenberg. Eyal Rosenberg is an enterprise software executive with over 20 years of experience in the ERP, supply chain, and B2B trading marketplace. Prior to founding Nipendo in 2003, Eyal was a co-founder of iBOT Inc., a software developer for B2B trading exchanges. There are 60 employees at Nipendo offices in Israel and Boston USA.”
The Due Diligence Report for Nipendo, prepared with crowd analysis and predictive algorithms, perfect for investment assessment, research and general in depth analysis.
Magma Venture Partners
Nipendo gives enterprise-level organizations a highly scalable, cloud-based trading-partner network that enables widespread deployment of electronic procurement and invoicing.
Nipendo enables businesses to significantly expand the reach of electronic procure-to-pay processing across their supplier ecosystem, lowering the cost of doing business while increasing capital efficiency and profitability.
Nipendo Supplier Cloud is used by leading organizations across industries, including multinationals such as HP, IBM, KLA Tencor, Israel Aerospace Industries, Lilly, and Teva Pharmaceuticals.
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