Founded Year

2012

Stage

Series C | Alive

Total Raised

$102.59M

Valuation

$0000 

Last Raised

$50M | 3 yrs ago

Mosaic Score

+190 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About AppZen

AppZen is an artificial intelligence powered SaaS tool for automating T&E expense report audit. The patented tool integrates with all existing expense reporting tools, such as Oracle, Concur, and NetSuite, to detect T&E fraud and compliance issues within minutes. AppZen uses Computer Vision and Natural Language Processing algorithms to capture and analyze expense report data, including document images, cross-check it with hundreds of data sources and social media, and notify the audit team in real-time of any compliance issues and fraud.

AppZen Headquarter Location

6201 America Center Drive Suite 300

San Jose, California, 95002,

United States

408-647-5253

ESPs containing AppZen

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Fintech / Payments

Virtual cards & spend management software companies combine virtual business credit or debit cards with a spend management platform. These platforms help automate expense approvals and spend management, which is a new way of thinking about how companies spend money. Virtual cards are single-use payment credentials that can be shared between buyers and suppliers.

AppZen named as Challenger among 15 other companies, including Brex, Ramp, and Moss.

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Expert Collections containing AppZen

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

AppZen is included in 6 Expert Collections, including Regtech.

R

Regtech

1,341 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

S

SMB Fintech

1,499 items

A

AI 100

100 items

A

Artificial Intelligence

8,717 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

T

Tech IPO Pipeline

282 items

Track and capture company information and workflow.

F

Fintech

7,344 items

US-based companies

AppZen Patents

AppZen has filed 4 patents.

The 3 most popular patent topics include:

  • Classification algorithms
  • Data management
  • Image processing
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/4/2016

5/3/2022

Data management, Database management systems, Machine learning, Classification algorithms, Data modeling

Grant

Application Date

5/4/2016

Grant Date

5/3/2022

Title

Related Topics

Data management, Database management systems, Machine learning, Classification algorithms, Data modeling

Status

Grant

Latest AppZen News

Amadeus integrates Cytric Expense with AppZen for ‘smart audits’

May 13, 2022

Amadeus integrates Cytric Expense with AppZen for ‘smart audits’ Technology partnership will allow fully automated auditing of all claims Amadeus has integrated its Cytric Expense platform with artificial intelligence auditing technology developed by AppZen. The GDS said the collaboration will provide further efficiencies for corporations and corporate travel agencies that typically audit only 10% of expenses. To address this Amadeus has partnered with AppZen to offer Cytric Expense customers an expense-auditing experience for all travellers. The firm said this will “streamline the expense auditing process in real-time, minimising lost spend, non-compliance, and potential risk factors in expense reporting and reimbursement. AppZen’s patented finance AI platform will integrate with Cytric Expense to provide an automated ‘smart audit’ solution. Smart audit technology can be reduce the time it takes to audit 100 expenses to 19 seconds freeing up finance staff time to focus on other areas. Anant Kale, chief executive and co-founder of AppZen, said: “Our AI-powered auditing platform enables companies to audit every single expense. “100% of your expense reports are audited, including every line on the expense receipts and then auto-approved prior to payment. “This solution will highlight detected issues, saving time, resources, and money for a company. It’s a win-win on all counts.” Lydie Charpin, vice president, customer solutions, Amadeus Cytric Solutions, said: “Our vision is to empower companies with the tools to ensure the best experience for their employees, whilst also increasing their efficiency and satisfaction by making the most out of their day-to-day expense tool. “The best part about AppZen is the ease with which it integrates into Cytric Expense. We’re delighted to be working with the experts in AI expense auditing and look forward to bringing this native solution to market.”  Related Topics

AppZen Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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AppZen Rank

  • When was AppZen founded?

    AppZen was founded in 2012.

  • Where is AppZen's headquarters?

    AppZen's headquarters is located at 6201 America Center Drive, San Jose.

  • What is AppZen's latest funding round?

    AppZen's latest funding round is Series C.

  • How much did AppZen raise?

    AppZen raised a total of $102.59M.

  • Who are AppZen's competitors?

    Competitors of AppZen include Mindbridge AI.

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