$3 Trillion is currently stuck in unpaid invoices.
An average invoice takes 59 days to clear.
If you're doing >$10M in revenue, getting paid in 30 days instead of 59 days will literally make you millions over 2 years.
Introducing Monk. It collects your money faster and pays for itself in 30 days, guaranteed.
Fast-growing companies like ElevenLabs and Profound rely on Monk.
The Problem: 39% of the $3T stuck is due to two stupid reasons:
1. "Please fix this comma in the invoice and then we'll pay you'" (this happens 2-3 times per transaction)
2. "Sorry the payment reminder got buried in my inbox" (automated emails get ignored)
A payment that should take 2 days, takes 10 days. Your cash on hand is embarrassingly behind "recorded revenue".
To fix this, we raised $4M led by @btv_vc with participation from @gtmfund and @danonanthony.
For our first product, we had to innovate on 3 dimensions:
1. Monk turns signed contracts into invoices with near-perfect precision
- We leverage frontier models to extract key terms from your deals and turn them into invoices.
2. Monk collects payments agentically with a 24% better reply rate than automated emails:
- Tuned to write emails that feel like a human request, not spam. Your invoice is competing with everything in their inbox.
- We know how to find an alternate point-of-contact when someone is OOO, when to reach out, and what tonality yields a higher response rate.
If you had someone on your team whose invoice emails got answered 24% more than others - that would be a big deal. You’d make them the head of revenue collection.
3. Granular visibility into your cashflow:
- Understand your cash position, aging, or expansion/contraction at customer level.
Book a demo at https://t.co/TDh6xJPdWn and we guarantee that Monk will pay for itself within 30 days.
If you've read this far, we are giving away 40 water-tight contract templates. This would cost >$10K to any agency, startups, or freelancer, to create from scratch.
Retweet this and comment 'Monk' and we'll send them to you.
I’m looking for someone in the insurance industry who can underwrite an insurance policy for a go-kart track at a short term vacation rental.
If you can do this let me know.