Monk, a New York–based AI-native accounts receivable platform, has raised $25 million in Series A funding, bringing its total funding to $29 million.
Investors
The round was co-led by Footwork and Acrew Capital, with continued participation from BTV.
Footwork is an early-stage venture capital firm that focuses on Seed and Series A rounds in companies demonstrating early product–market fit. Its initial investments typically range from $1 million to $15 million, with an emphasis on consumer technology and the consumerization of enterprise tech.
Acrew Capital is a venture capital firm based in Palo Alto, California, that manages over $1.7 billion in assets. The firm invests in early-stage startups at the Seed and Series A stages. Acrew focuses on five core pillars: fintech, data & security, Future of Work, community-activated, and interconnected data.
Monk Use of Funds
The company will use the funding to invest in research and development and to expand its AI-powered accounts receivable solutions.
About Monk
Founded by George Kurdin and Joe Zhou, Monk is an AI-native accounts receivable platform that automates the full contract-to-cash lifecycle for B2B companies, from invoicing and collections to cash application and dispute resolution. The company is headquartered in New York.
Funding Details
Company: Monk, Inc.
Raised: $25.0M
Round: Series A
Funding Date: April 2026
Lead Investors: Footwork, Acrew Capital
Additional Investors: BTV
Company Website: https://monk.com/
Software Category: FinTech / AI / Accounts Receivable Automation
Source: https://www.prnewswire.com/news-releases/monk-raises-25m-series-a-to-automate-accounts-receivable-with-ai-302748872.html