AppZen Stock
| Valuation | $495.6M1 |
| Valuation Date | Sep 22, 2025 |
| Implied Valuation | $548.94M |
| Last Price | $2.47 |
| 52-Week High | $2.75 |
| 52-Week Low | $2.16 |
| YTD Return | -3.14% |
| 1-Year Return | +10.76% |
| 3-Year Return | +10.76% |
| Total Funding | $290M2 |
| Latest Round Amount | $180M3 |
| Latest Round | Series D |
| Funding Rounds | n/a |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | n/a |
| Revenue Type | n/a |
| P/S Ratio | n/a |
About AppZen
AppZen is an artificial intelligence platform that automates back-office finance work for large enterprises. It audits travel and expense reports, corporate card transactions and supplier invoices, reading receipts and supporting documents to flag policy violations, duplicate payments and fraud before money leaves the company. Its accounts payable products handle invoice data capture, GL coding, purchase-order matching and the vendor email inbox. The Mastermind platform layered on top lets finance teams turn their written procedures into AI agents without writing code. AppZen makes money by selling annual software subscriptions priced on a committed volume of documents and transactions, so what a customer pays scales with how much it processes. The company says more than 500 enterprises use the platform, including over 65 of the Fortune 500.
Invest in AppZen
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News
AI-Generated Fake Receipts Are Changing Expense Fraud
Forbes examines how generative AI tools are being used to fabricate receipts submitted on expense reports, drawing on AppZen data showing AI-created images now account for the majority of fraudulent r...
AI-Generated Fake Receipts Now Make Up 71% of Expense Fraud
PYMNTS reports AppZen research finding that AI-generated images made up 71% of the fraudulent receipts identified across the expense reports it audits. The share has risen sharply as consumer image-ge...
Use of AI receipts in expense fraud soars
Accounting Today covers AppZen's finding that AI-generated receipts have become the dominant form of expense fraud it detects. The article discusses what the shift means for finance teams that still r...
AppZen Autonomous AP for SAP S/4HANA Cloud Private Edition Achieves SAP-Certified for Clean Core with RISE with SAP
AppZen announced that its Autonomous AP platform received SAP certification for clean core with RISE with SAP for SAP S/4HANA Cloud Private Edition. The certification lets customers run AppZen's AI ag...
AppZen launches AP Inbox Service Center with AI Agents
AppZen introduced an agent-native AP inbox that automates vendor email triage, turning inbound messages into trackable, auditable requests for accounts payable teams.
AppZen launches AP Inbox Service Center, bringing AI Agents to the most manual process in accounts payable
AppZen launched AP Inbox Service Center, adding eight prebuilt AI agents that handle inbound vendor email as trackable, auditable requests. Finance teams can configure the agents through AppZen's AI A...
AppZen targets accounts payable bottleneck with new AI agent service center
SiliconANGLE covers AppZen's AP Inbox Service Center launch, which deploys prebuilt AI agents to automate how accounts payable teams process vendor email. The report frames vendor correspondence as on...
AppZen completes Workday Integration for AI-powered Expense Audit
AppZen completed a Workday Design Approved Integration for its Expense Audit app on Workday Marketplace, connecting Workday Expenses to AppZen's Mastermind AI platform. The bi-directional integration ...
AppZen Launches AI Agent Studio, Disrupting Outsourcing with Digital Coworkers
AppZen launched AI Agent Studio, a low-code tool that converts a finance team's written standard operating procedures into AI agents. The company positioned the product as an alternative to business p...
AppZen Raises $180 Million Growth Round Led by Riverwood Capital to Take the Next Step in Autonomous Finance
AppZen announced a $180 million Series D growth round led by Riverwood Capital, which was the sole investor. Riverwood's Francisco Alvarez-Demalde and Alex Porto joined the board, and J.P. Morgan acte...
Riverwood Capital Invests $180 Million in AI-Powered Technology Company AppZen
The Wall Street Journal reports Riverwood Capital's $180 million growth investment in AppZen, which sells AI software that audits expenses and automates accounts payable for large enterprises.
Exclusive: AppZen raises $180M for international growth
Axios Pro reported AppZen's $180 million round, with co-founder and CEO Anant Kale saying the capital would fund international expansion. The story frames the raise as growth financing rather than a t...
With Amazon And Salesforce As Customers, Agentic AI Startup AppZen Lands $180M To 'Transform' Finance Teams
Crunchbase News covers AppZen's $180 million Series D, with CEO Anant Kale putting lifetime funding at $290 million. AppZen declined to disclose its new valuation, describing the round only as an up r...
AppZen raises $180M to automate enterprise finance operations
SiliconANGLE reports on AppZen's $180 million Series D growth round led by Riverwood Capital, which the company said would fund its Mastermind AI Studio and global go-to-market expansion.
When It Comes to Spotting Fake Receipts, It's A.I. vs. A.I.
The New York Times DealBook examines the rise of AI-generated receipts on expense reports and the audit software built to detect them, citing AppZen's data on how often synthetic receipts now appear. ...
AppZen Partners with Sales Innovation to Accelerate Finance AI APAC Expansion
AppZen announced a partnership with Sales Innovation to expand distribution of its finance AI products across Asia-Pacific. The agreement covers reselling and implementation support in the region.
Genpact and AppZen Partner to Transform Travel and Expense Audit Process
NEW YORK and SAN JOSE, Calif., Aug. 4, 2020 /PRNewswire/ -- Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation, and AppZen, a leading artificial intell...
AppZen nabs $50M to build AI tools for expenses and other finance team work
TechCrunch reported AppZen's $50 million Series C led by Coatue Management, with Redpoint Ventures and Lightspeed Venture Partners participating. The article said sources put the round's valuation at ...
AppZen nabs $35M for AI that audits expenses in real time for non-compliance and fraud
TechCrunch covered AppZen's $35 million Series B led by Lightspeed Venture Partners, with Redpoint Ventures and Resolute Ventures returning. The round funded expansion of its expense-audit AI into wid...
Expense report analysis startup AppZen raises $13M to build a smarter back office
TechCrunch reported AppZen's $13 million Series A led by Redpoint Ventures, with seed investor Resolute Ventures participating and Redpoint's Alex Bard joining the board. The company was auditing expe...