Alii
The only platform to provide a fully automated end-to-end accounts payable solution with invoice fraud detection.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | $2.5m Valuation: $10.3m 4.5x EV/Revenue | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Based in Brisbane, Australia, Alii Technology Group was established in 2018 to address workflow challenges with business technologies. The company operates as a cloud-based procure-to-pay platform, offering a fully automated, end-to-end accounts payable solution. Alii serves various sectors including education, legal, non-profits, and enterprises, aiming to digitize and streamline their accounts payable and procurement processes. The business generates revenue through a subscription-based model, with pricing based on the annual volume of invoices processed.
The leadership team includes CEO Chamil Fernando and Executive Director Gordon Tan. Chamil Fernando brought his experience from one of Australia's largest school management software platforms to Alii, joining as CEO in October 2021 following a $1.6M venture capital funding round. Gordon Tan expressed that Fernando's client-focused approach and leadership were key to advancing the company. The company has secured a total of $4.1M in funding over two rounds, with its latest seed round in January 2023 raising $2.5M.
Alii’s platform provides tools to automate and protect against invoice fraud. Key features include invoice fraud prevention, governance management for complex business rules, full payment process management, and process automation to reduce manual data entry. The system uses sophisticated document detection and data extraction to process invoices, and its intelligent automation can extract purchase order numbers to populate digital invoice forms. The platform offers automated reporting dashboards, manages approval delegations, and conducts integrity checks to mitigate scam threats. It is designed to integrate with major financial and school management platforms, facilitating a smoother transition for clients. Case studies show significant efficiency savings for clients, such as a 78% improvement in accounts payable and invoice processing for one real estate agency.
Keywords: accounts payable automation, procure-to-pay, invoice fraud detection, workflow automation, business process automation, financial software, spend management, digital transaction management, SaaS, B2B payments, procurement compliance, invoice processing, automated approvals, data extraction, financial governance, enterprise software, legal tech, edtech, non-profit financial tools, Australian fintech