MineralTree

What MineralTree does

MineralTree is a private US-based fintech company founded in 2010 that provides accounts payable (AP) automation and B2B payment technology to mid-market and enterprise finance teams. Its platform replaces manual, paper-based invoice and payment workflows with OCR-based invoice capture, two-way ERP synchronization, approval routing, and electronic payment execution via ACH, check, or virtual card. The company operates three purpose-built product lines: TotalAP for mid-market customers (offered in invoice-to-pay, payments-only, or invoice-capture configurations), Vendor Payments embedded directly inside Sage Intacct, and Inspyrus for enterprise-grade, multi-ERP, global shared services environments spanning 130+ countries. A complementary SilverPay virtual card program operates across a network of more than 500,000 suppliers and generates cash-back rebates that frequently offset platform fees.

The technology stack combines cloud-native SaaS delivery with native API integrations to Sage Intacct, Oracle NetSuite, QuickBooks, Microsoft Dynamics GP, Acumatica, Oracle EBS, Oracle ERP Cloud, JD Edwards EnterpriseOne, and SAP, plus File Connect for CSV/SFTP-based sync with on-premise or niche ERPs. The direct-debit funding model processes payments as ACH debits from the customer's existing US checking account, eliminating the need for a pre-funded settlement account. MineralTree's AI/ML surface is concentrated in OCR invoice extraction with human validation (up to 99% accuracy), duplicate and BEC fraud detection, and payment mix optimization. Security and compliance posture includes SOC 1 Type 2, SOC 2 Type 2, SOC 2+ HIPAA (the company claims to be the only AP automation provider with this combination), PCI DSS Level 1, GDPR, and Sarbanes-Oxley alignment.

MineralTree pursues a sales-led go-to-market targeting finance teams in healthcare, non-profits, food & beverage, education, and retail. Revenue is generated through one-time setup fees, annual platform subscriptions, and monthly usage-based fees for invoice capture, ACH payments, and check payments, augmented by transaction-based rebates on SilverPay virtual card spend and managed payment optimization services. The company is headquartered in Atlanta, Georgia, with an engineering office in Bangalore, India, and has raised approximately $119.7 million across five disclosed funding rounds, including a $50 million round in September 2020 that coincided with the acquisitions of Inspyrus and Regal Software.

Name

MineralTree

Legal name

MineralTree

Website

https://mineraltree.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

MineralTree provides accounts payable automation and B2B payment software (TotalAP, Vendor Payments for Sage Intacct, Inspyrus, SilverPay virtual cards) to mid-market and enterprise finance teams across healthcare, non-profits, food & beverage, education, and retail.

Ownership category

akta.pro rank

Product category

Accounts Payable Automation Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Accounts Payable Automation & Supplier Payments (FSAGAJAD)

akta.pro secondary industries

Corporate Treasury & Supplier Payments (AP, Mass Payments) (FSAMAKAL), Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Accounts payable automation
• Invoice-to-pay software
• AP automation platform
• Virtual card payments
• ERP-integrated payments

Headquarters

HQ city

Cambridge

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. TotalAP Platform Subscription and Usage Fees: Pricing includes one-time setup fees, an annual platform fee, and monthly usage fees for invoice capture, ACH payments, and check payments. Additional integration fees may apply based on accounting system, banking setup, and onsite training needs. This constitutes the recurring subscription and variable usage revenue from the core AP automation platform.
2. Virtual Card Transaction Rebates: Customers earn cash-back rebates on virtual card (SilverPay) spend. Rebates are typically paid out annually via ACH and often offset or exceed platform costs. Rebates generate incremental financial return as virtual card adoption expands.
3. Payment Optimization Services: Expert-led analysis identifies cost, risk, and efficiency opportunities in the customer's payment mix. Managed supplier enrollment services help drive adoption of digital payments. Included as part of platform value delivery, driving upsell and retention.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

MineralTree provides cloud-based accounts payable (AP) automation and B2B payment software that captures invoices via OCR, routes approvals, executes payments via ACH, check, or virtual card, and syncs bi-directionally with customers' existing ERP systems. Its portfolio spans three purpose-built platforms: TotalAP for mid-market companies, Vendor Payments embedded inside Sage Intacct, and Inspyrus for enterprise-grade, high-volume, multi-ERP, global deployments across 130+ countries.

Product overview

MineralTree offers a portfolio of three purpose-built AP and payment automation platforms designed for different organizational scales: TotalAP for mid-market companies offering flexible invoice-to-pay, payments-only, or invoice-capture configurations; Vendor Payments (embedded within Sage Intacct) for seamless payment execution; Inspyrus for enterprise organizations with high-volume, multi-ERP, global workflows across 130+ countries; and Virtual Cards (via SilverPay program) as a strategic B2B payment method generating rebates. All solutions integrate with customers' existing ERP systems via native API connections or File Connect CSV sync, enabling organizations to modernize AP without replacing their accounting systems. The company also provides payment optimization services, vendor enrollment support, and analytics across its product suite.

Differentiator

Problem solved

Functional benefit

Brands

• TotalAP: Flexible AP automation and payments integrated with cloud or on-premise accounting systems for mid-market and enterprise customers
• TotalPay
• Vendor Payments
• Inspyrus
• SilverPay

Products and services

• TotalAP Flexible accounts payable automation platform for mid-market and enterprise finance teams, offered in three configurations (invoice-to-pay, payments-only, invoice capture). Integrates with QuickBooks, Sage Intacct, NetSuite, Microsoft Dynamics GP, and other cloud or on-premise accounting systems.
• Vendor Payments Embedded payment automation solution built inside Sage Intacct. Enables approval and payment of vendor bills via virtual card, ACH, or check directly within Sage Intacct, with real-time payment status tracking and direct-debit funding. Built in partnership with Sage; Sage recognized MineralTree as its Global FinTech Partner of the Year.
• Inspyrus Enterprise-grade AP automation and payment automation solution for high-volume, multi-ERP environments. Purpose-built for shared services centers and complex global workflows with deep ERP connectivity to SAP, Oracle EBS, Oracle ERP Cloud, and JD Edwards, supporting operations in 130+ countries with compliance for global e-invoicing mandates.
• SilverPay Virtual Card Program Fully-managed B2B virtual card payment program offering single-use, tokenized card numbers tied to specific supplier, amount, and timeframe. Provides cash-back rebates on eligible spend (often offsetting or exceeding platform costs), fraud protection, simplified reconciliation, and a payment optimization team for vendor enrollment.

Quantifiable outcome

• Reduces AP processing time by up to 80% and payment costs significantly
• +9 more outcomes

Named customers24 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

AI capability6 records

Feature8 records

Partnerships

Nine partnerships are on record, tiered core and flagship.

• ProcurifycoreStrategic or Co-development Partner · 17 April 2019MineralTree and Procurify, a corporate spend management firm, announced a partnership on April 17, 2019, to integrate their respective solutions. The integration aims to streamline the procure-to-pay process for their joint business customers, combining MineralTree's AP automation and payment capabilities with Procurify's spend management platform.
• Sage (as Technology Partner)flagshipTechnology or IntegrationMineralTree's Vendor Payments solution is built in partnership with Sage, embedded directly inside Sage Intacct as the exclusive embedded payments automation solution for that platform. Sage recognized MineralTree as its Global FinTech Partner of the Year and holds the Tech Partner Plus designation. The partnership enables Sage Intacct customers to access AP automation and payment execution without leaving their ERP environment.
• Oracle NetSuitecoreTechnology or IntegrationMineralTree TotalAP is a certified NetSuite SuiteApp providing direct API integration with Oracle NetSuite. The two-way sync integration keeps NetSuite as the system of record while enabling invoice capture, approvals, and payment automation.
• Intuit QuickBookscoreTechnology or IntegrationMineralTree integrates with both QuickBooks Online (via native APIs) and QuickBooks Desktop (via a pre-built desktop connector app), enabling two-way bill and payment sync.
• Microsoft Dynamics GPcoreTechnology or IntegrationMineralTree integrates with Microsoft Dynamics GP using a dedicated connector app for two-way bill and payment sync, with optional Positive Pay integration.
• AcumaticacoreTechnology or IntegrationMineralTree Payments for Acumatica provides integrated vendor bill payments via check, ACH, or virtual card with two-way sync, credit application, discounts, and payment account sync.
• SAPcoreTechnology or IntegrationInspyrus, MineralTree's enterprise solution, integrates with SAP for organizations managing complex, multi-ERP global workflows, enabling real-time communication and data enrichment.
• Oracle E-Business SuitecoreTechnology or IntegrationInspyrus directly integrates with Oracle E-Business Suite, enabling real-time communication, DataEnrich for invoice record enrichment, and PO matching during invoice capture.
• Oracle JD Edwards EnterpriseOnecoreTechnology or IntegrationInspyrus integrates with JD Edwards EnterpriseOne via direct API integration or indirect file-based transfer, supporting both high-volume invoice processing and multi-ERP environments.

Scale indicators11 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Tipalti: Tipalti offers AP automation, supplier payments, and global mass payments for mid-market and enterprise businesses. Its supplier payment, invoicing, and reconciliation capabilities directly overlap MineralTree's TotalAP and Inspyrus offerings.
• Bill.com: Bill.com is a leading cloud-based AP automation and B2B payments platform serving SMB and mid-market finance teams. It is the most direct competitor to MineralTree's TotalAP, with overlapping invoice capture, approval workflow, and payment execution capabilities.
• AvidXchange: AvidXchange provides AP automation and B2B payments focused on mid-market organizations across verticals. It competes head-to-head with MineralTree on invoice-to-pay workflows, payment execution, and ERP integration depth.
• Stampli: Stampli is a cloud-based AP automation platform with collaboration-centric invoice approval and AI-powered invoice coding. It is a direct mid-market peer to MineralTree TotalAP, with a similar ERP-anchored go-to-market approach.
• Versapay: Versapay provides AR automation, AP automation, and B2B payments networks, including collaborative invoice presentment. Its AP and payments capabilities overlap MineralTree's invoicing and B2B payment automation offerings for mid-market customers.
• Melio: Melio is a B2B payments platform enabling bill payment via ACH and card for SMBs and accountants. It competes with MineralTree on the payment-execution side of AP, though it is more focused on SMB than MineralTree's mid-market/enterprise core.

Emerging players

• Ramp: Ramp is a corporate card and spend management platform that has expanded into full AP automation, bill pay, and vendor payments. It competes with MineralTree on the SMB/mid-market AP automation and payment execution layer, with a faster-growing product velocity.
• Airbase: Airbase provides corporate cards, AP automation, and expense management for mid-market companies. It is an emerging peer to MineralTree in the integrated AP and bill payment space, with a multi-product spend platform go-to-market.
• Procurify: Procurify is a spend management platform covering purchasing, AP, and bill payment. MineralTree and Procurify announced a 2019 integration, making Procurify a partner but also a partial competitor at the procure-to-pay intersection.

Broad incumbents

• Brex: Brex is a corporate card and spend management platform that has built AP automation and bill pay capabilities. While broader than MineralTree in scope (cards, expenses, treasury), it overlaps on AP automation and B2B payments for mid-market and enterprise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MineralTree
• Facebookfacebook.com/mineraltreeinc
• LinkedInlinkedin.com/company/mineraltree-inc-
• Instagraminstagram.com/mineraltree_inc

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds5 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MineralTree