Nipendo is set to use the capital infusion to scale its business operations and expand to the US, a strategic move initiated by the opening of its new headquarters in Boston, Massachusetts.
In addition to securing this latest round of funding, Nipendo announced that Gilad Novik, Chief Technology Officer of Horizons Ventures, has joined the company’s board of directors.
Nipendo’s Supplier Cloud enables enterprises to collaborate with trading partners and automate the PO-to-payment lifecycle – from order receipt to shipping/receiving, tracking through electronic invoices. Once connected to Nipendo’s network, suppliers and trading partners can automatically communicate with all other members, eliminating the need for custom programming for every new supplier connection.
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