Rimilia

What Rimilia does

Rimilia is a privately held UK-based SaaS company, founded in 2008 and headquartered in Bromsgrove, that builds finance automation software for accounts receivable (AR) and cash application. Its primary solution targets mid-to-large enterprise finance and treasury teams, addressing manual cash application, inefficient AR workflows, and limited real-time cash flow visibility through AI-driven payment-to-invoice matching. The company also extends its credit management capabilities to banking and financial services clients, positioning within the broader invoice-to-cash automation market. The product is sold via a direct enterprise sales motion with a 'Schedule a demo' consultation-led buying experience, and the company invests in thought-leadership content and an annual customer event to support top- and mid-funnel demand generation.

Rimilia has raised approximately $40M in venture funding across two disclosed rounds — a $25M round in July 2017 and a $15M round in February 2020 — led by Eight Roads Ventures and Kennet Partners, with Silicon Valley Bank participating in the later round. The company employs 101-250 people and is led by a professionalized management team that separates the co-founder role (CCO) from the CEO (Kevin Kimber) and includes dedicated CPO, CTO, and CFO functions. Its go-to-market is global in stated scope, with a horizontal segmentation approach that prioritizes finance/treasury buyers and adds banking/financial services as a secondary vertical.

The company's AI capabilities are positioned as a core feature of the cash application product rather than as a standalone platform, with claimed outcomes including 95% of cash applied by the start of each day, a 99% reduction in unapplied cash, and an 85% reduction in manual effort. No proprietary model names, research publications, or data flywheel mechanisms are disclosed in the available source material, and the firm has not announced a new funding round, acquisition, or major product launch since early 2020, leaving the current growth and capital trajectory uncertain.

Name

Rimilia

Website

https://rimilia.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

Rimilia is a UK-based SaaS company founded in 2008 that builds AI-powered cash application and accounts receivable automation software for mid-to-large enterprise finance and treasury teams, with secondary reach into banking and financial services.

Ownership category

akta.pro rank

Product category

Accounts Receivable Automation Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Accounts Receivable (Invoicing, Cash Application, Deductions) (BPAAAGAB)

akta.pro secondary industries

Compliance, GRC Workflow & Audit Automation Platforms (HDAEAHAL), Augmented Analytics & AI-Assisted BI (NLQ/NLG, Insights) (HDAEAMAD)

Keywords

• Accounts receivable automation
• Cash application software
• Credit management software
• Collections management software
• Invoice to cash

Headquarters

HQ city

Bromsgrove

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Distribution channels1 record

Marketing channels4 records

Core offering

Rimilia develops cloud-based accounts receivable (AR) automation software for enterprise finance teams. The platform enables tight integration between the front and back office, automating cash allocation, credit management, and collections workflows. It uses AI to apply customer payments to invoices inside the customer's ERP, replacing manual cash application processes.

Differentiator

Problem solved

Functional benefit

Products and services

• Rimilia AR Automation Platform Cloud-based accounts receivable automation software for enterprise finance and treasury teams. The platform automates cash allocation, credit management, and collections, and uses AI to apply customer payments to invoices inside the customer's ERP, replacing manual cash application and improving cash flow visibility.

Quantifiable outcome

• 95% of cash applied by the start of each day
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights4 records

Broad incumbents

• SAP: ERP incumbent embedding AI-driven cash application and invoice-to-cash capabilities into its core platform, representing a structural bundling threat to standalone AR specialists like Rimilia.
• Tungsten Automation (formerly Kofax): Broader intelligent automation and document processing incumbent whose AP/AR automation capabilities overlap Rimilia's AI-based invoice and document handling for finance teams.

Direct peers

• HighRadius: Direct competitor in AI-powered autonomous finance for order-to-cash, with its own cash application, collections and credit management modules — competing head-to-head with Rimilia for enterprise treasury teams.
• Billtrust: Order-to-cash automation platform with cash application, eInvoicing and credit management products aimed at mid-to-large enterprise AR teams — directly comparable to Rimilia's scope.
• Sidetrade: AI-driven order-to-cash platform covering cash collection, credit management and cash flow prediction, serving a similar mid-to-large enterprise AR buyer profile.
• BlackLine: Public finance close and invoice-to-cash platform whose Cash Application product directly overlaps Rimilia's core offering, including similar AI-driven cash application and ERP integration capabilities.
• Quadient: Provides AR automation and cash application solutions (e.g., Accounts Receivable Hub) used by finance teams to automate invoice-to-cash processes comparable to Rimilia's offering.
• Versapay: AR automation provider for mid-market and enterprise finance teams, competing in cash application, collections, and dispute management — the same buyer segments Rimilia targets.
• Esker: Order-to-cash and accounts receivable automation vendor with cash application and collections software serving enterprise finance teams, overlapping Rimilia's core buyer and use cases.

Emerging players

• Yaydoo: Latin American-rooted AR and cash application platform expanding into enterprise finance teams globally, addressing adjacent geographies and similar use cases to Rimilia.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/rimilia

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds2 records

Investors3 records

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 Rimilia