Skyscend

What Skyscend does

Skyscend is an Atlanta, Georgia-based B2B fintech SaaS company that provides a cloud-native, blockchain-based platform combining accounts payable invoice automation (APIA) and supply chain finance (SCF). Its core offering, Skyscend Pay, delivers real-time visibility into purchase orders, invoices, and payments for both buyers and suppliers, with AI-powered OCR for invoice capture, pre-built API integrations to major ERPs (SAP S/4HANA, Oracle, Workday, Microsoft, QuickBooks), and tamper-proof transaction verification. The financial services arm, Skyscend Capital (a wholly owned subsidiary formed in 2022), underwrites early payment financing on approved invoices, allowing suppliers to accelerate receivables while buyers extend payment terms and share in a revenue arrangement that the company describes as converting AP into profitable revenue.

The platform serves a two-sided market: enterprise buyers (large corporations with hundreds to thousands of suppliers) seeking AP automation and working capital optimization, and SME suppliers seeking early payment and cash flow relief. Distribution combines direct enterprise field sales, an SAP Store marketplace listing, and channel partnerships with IBM (for Watson AI/ML integration), Visa (for virtual card and global payment rails), and SAP (PartnerEdge). Revenue is generated through transaction-based early payment fees paid by suppliers, a revenue share with buyers on financed volume, and SaaS subscription access; pricing is pay-as-you-go with no fee to join the portal. The company raised approximately $2.78M via an SEC Form D filing in April 2022 toward an $8M target, holds SOC 1 compliance, and is led by CEO David Sulfridge (appointed September 2022) with President of Skyscend Capital Robert A. Zadek.

Name

Skyscend

Legal name

Skyscend, Inc.

Website

https://skyscend.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Skyscend is an Atlanta-based B2B fintech SaaS company offering cloud-native, blockchain-based accounts payable invoice automation and supply chain financing via its Skyscend Pay platform and Skyscend Capital financing arm, serving enterprise buyers and their SME suppliers.

Ownership category

akta.pro rank

Product category

Supply Chain Finance Software

NAICS

Sales Financing (52222), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC)

akta.pro secondary industries

Biller Direct EBPP Platforms (FSAMAJAA), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), A2A Bill Pay & eInvoicing (Open Banking Enabled) (FSAMAFAL)

Keywords

• Supply chain finance
• Accounts payable automation
• Invoice processing software
• Early payment financing
• Blockchain fintech platform

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Supply Chain Finance / Early Payment Fees: Skyscend Capital provides early payment options on approved invoices. Suppliers pay a nominal discount fee for early payment while buyers pay nothing. Revenue is generated from financing charges on accelerated invoice payments.
2. Platform Subscription: SaaS platform subscription for AP automation and supply chain finance services. Customers streamlines accounts payable and maximizes working capital through the platform.
3. Accounts Payable Revenue Share: Skyscend Capital shares revenue with buyers, effectively converting Accounts Payable into profitable revenue for customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Skyscend offers a cloud-native, blockchain-based Accounts Payable Invoice Automation (APIA) and Supply Chain Finance (SCF) SaaS platform. The Skyscend Pay product automates invoice processing with AI-powered OCR and provides real-time visibility of purchase orders, invoices, and payments for buyers and suppliers. Skyscend Capital, the company's financial services arm, provides on-demand supply chain financing and early payment options, sharing revenue with buyers and converting accounts payable into a profitable revenue stream.

Product overview

Skyscend is a B2B fintech SaaS company offering a unified platform combining Accounts Payable Invoice Automation (APIA) and Supply Chain Finance (SCF). The core product Skyscend Pay provides invoice automation and supply chain financing, while Skyscend Capital powers the financing component. The platform enables early payment options on approved invoices, allowing suppliers to get paid faster while buyers optimize working capital. Key modules include Early Pay for invoice acceleration, SAP Store integration for SAP S/4HANA connectivity, Skyscend Cash digital wallet for P2P payments, and Visa virtual card payment capabilities. The platform is built on blockchain technology for security and transparency.

Differentiator

Problem solved

Functional benefit

Products and services

• Skyscend Pay Cloud-native Accounts Payable Invoice Automation (APIA) platform that automates invoice management, electronic invoicing, and supply chain finance. Provides real-time visibility into purchase orders, invoices, and payments for enterprise buyers and their suppliers via web portal and mobile app.
• Skyscend Capital Financial services arm of Skyscend that provides supply chain financing, early payment options, and reverse factoring. Powers the financing component of Skyscend Pay, enabling suppliers to receive early payment on approved invoices while sharing revenue with buyers.
• Visa Virtual Card Payments B2B payment capability enabled through the Visa Fintech Fast Track Program, providing secure virtual card payments that automate fund transfers from Skyscend Capital to customer bank accounts.

Quantifiable outcome

• $1B+ in client transaction value demonstrated
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability6 records

Feature8 records

Partnerships

Four partnerships are on record, tiered core and major.

• SAPcoreTechnology or Integration · 3 January 2023Skyscend Pay is now available on SAP Store, integrating with SAP S/4HANA to help customers automate invoice management and early payment options. Pre-built APIs integrate out of the box. Skyscend is a partner in the SAP PartnerEdge program.
• VisacoreTechnology or Integration · 20 December 2022Skyscend joined Visa's Fintech Fast Track Program to enhance payment capabilities for supply chain finance and P2P payment services. Enables virtual card payments, simplified international payments, and access to Visa's global payment network and partner ecosystem.
• EcoVision HomesmajorStrategic or Co-development Partner · 27 May 2022Digital transformation partnership where EcoVision Homes migrates all supplier support and AP requirements to Skyscend Pay. Skyscend automates supplier support including order acceptance, invoicing, payment processing, and provides early payment financing through Skyscend Capital.
• IBMcoreTechnology or Integration · 5 April 2022Global partnership with IBM to incorporate IBM Cloud Technology and Watson suite of products including Artificial Intelligence, Machine Learning, Predictive Analytics, Automation and Risk Management, and Fraud Prevention into Skyscend's global SaaS fintech solutions.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bill.com: Public B2B financial operations platform for AP/AR and bill pay, widely adopted by SMBs and mid-market; competes with Skyscend's AP automation and supplier portal capabilities.
• Tipalti: End-to-end AP automation and global mass payments platform, overlapping with Skyscend Pay on invoice capture, approval workflows, and supplier payments.
• Taulia: Supply chain finance and early payment platform now owned by SAP, making it the most direct competitor inside the SAP ecosystem where Skyscend is also distributed via SAP Store.
• C2FO: Leading global B2B marketplace for early payment and working capital optimization, directly competing with Skyscend Pay and Skyscend Capital on supplier early-payment programs for enterprise buyers.
• PrimeRevenue: Established multi-funder supply chain finance platform serving large global buyers and their suppliers; competes head-on with Skyscend Capital on reverse factoring programs.
• AvidXchange: AP automation platform for mid-market and enterprise, providing invoice processing, bill pay, and payment automation that overlaps directly with Skyscend Pay's core APIA offering.
• Stampli: AP automation platform with collaboration-centric invoice processing and direct ERP integrations; closely comparable to Skyscend Pay on invoice automation workflows.
• TreviPay: B2B trade credit and embedded payments network enabling buyer-led supplier financing; the most direct analog to Skyscend's combination of B2B BNPL / invoice financing on top of payment rails.

Emerging players

• Plastiq: B2B payments platform enabling businesses to pay suppliers via card or ACH; overlaps with Skyscend Cash and Visa virtual card capabilities in B2B payment initiation.
• Ramp: Fast-growing B2B finance platform combining corporate cards, bill pay, and AP automation; an emerging competitor with broader SMB reach but lighter dedicated supply chain finance depth than Skyscend.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCX70XKwh3wrtfbn4XzkOZMw
• Facebookfacebook.com/skyscendinc
• LinkedInlinkedin.com/company/skyscend
• Xx.com/skyscendinc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

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

M&A

Investments

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

Frequently asked questions about Skyscend