"AppZen is the AI-native platform for autonomous finance. Powered by proprietary ZenLM models and the Mastermind AI Automation Platform, AppZen's domain-trained AI Agents streamline end-to-end workflows across T&E, accounts payable, and corporate card programs, transforming finance teams. More than 500 global enterprises, including over 65 of the Fortune 500, rely on AppZen to automate transaction processing and reduce costs, delivering over $2 billion in savings and enabling finance teams to reallocate up to two-thirds of their manual workload to higher-value activities."
"Riverwood's scale-up expertise and global network will help us accelerate the deployment of Mastermind AI Agents, so finance workflows can run on autopilot. With many of the world's largest companies already on AppZen, demand for autonomous finance has never been higher. Together with Riverwood Capital, we'll meet that customer need at scale and realize the full opportunity to reimagine how CFOs run finance."
AppZen secured $180 million in growth funding led by Riverwood Capital to accelerate adoption of agentic AI in finance. The platform leverages proprietary ZenLM models and the Mastermind AI Automation Platform to operate domain-trained AI Agents across T&E, accounts payable, and corporate card programs. Over 500 global enterprises, including more than 65 Fortune 500 companies, use the platform to automate transaction processing, reduce costs, and reallocate manual workload. AppZen reports over $2 billion in savings and the ability for finance teams to shift up to two-thirds of manual work to higher-value activities. The funding aims to convert SOPs into configurable digital coworkers and replace over 50% of manual work while scaling without added headcount or BPO.
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