Tabs Secures $7M Funding to Expand AI-Powered Accounts Receivable Platform

Tabs Raises $7M in Seed Funding

Key Highlights:

• Funding Round: Tabs, an AI-powered accounts receivable platform for B2B businesses, raised $7 million in Seed funding.
• Investor: The funding round was led by Lightspeed Venture Partners.
• Expansion Plans: Tabs intends to use the funds to expand its operations and business reach.

Tabs' Target Market

• Target Market: B2B businesses in need of an AI-powered accounts receivable platform to streamline their accounting process.
• Companies with Complex B2B Contracts: Ideal for businesses dealing with complex B2B contracts that require automated contract ingestion, invoicing, and payments.
• Businesses Seeking Efficiency: Organizations looking to reduce manual work associated with calculating invoices and improve their time to collect payments.

What Tabs Needs to Buy

• Technology and AI Expertise: Collaborations with technology and AI experts to enhance and further develop their AI-powered accounts receivable platform.
• Marketing and Sales Support: Services to support market expansion and customer acquisition efforts.
• Partnerships with B2B Companies: Collaborations with B2B companies to integrate Tabs' platform into their accounting processes.