Corcentric - About the company
Corcentric is a public company based in Mclean (United States), founded in 1998. It operates as a Provider of source-to-pay, order-to-cash, and fleet management business solutions. Corcentric has raised $81.2M in funding from Bregal Sagemount. The company has 863 active competitors, including 113 funded and 66 that have exited. Its top competitors include companies like Coupa, Zaggle and Concur.
Company Details
Provider of source-to-pay, order-to-cash, and fleet management business solutions. The company offers software, managed services, and strategic advisory support. Procurement, accounts payable, accounts receivable, and payment processing are streamlined. Intelligent applications and automation are available. Fleet solutions include procurement, financing, analytics, and remarketing.
- Website
- corcentric.com
- Social
- Registered Address
- Cherry Hill,New Jersey
Key Metrics
Founded Year
1998
Location
Mclean, United States
Stage
Public
Total Funding
$81.2M in 4 rounds
Latest Funding Round
Investors
Ranked
18th among 863 active competitors
Employee Count
557 as on Aug 31, 2026
Exit Details
Public
Legal entities associated with Corcentric
Corcentric is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CORCENTRIC, INC. CIN: 1639611 , United States, Active | Jun 30, 2015 | $25M - $100M (As on May 25, 2018) | 501 (As on Dec 31, 2023) | - |
NORTH MOUNTAIN MERGER CORP. CIN: 1819157 , United States, Active | Jul 13, 2020 | - | - | - |
AMERIQUEST BUSINESS SERVICES CIN: 223534008 , United States, Active | Dec 31, 1999 | - | 491 (As on Dec 31, 2024) | - |
Corcentric's IPO details
Corcentric got listed on Nov 18, 2020.
Click here to take a look at Corcentric's IPO in detail
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Corcentric's funding and investors
Corcentric has raised a total funding of $81.2M over 4 rounds. Its first funding round was on Dec 2012. Its latest funding round was a Series B round on May 01, 2020 for $*****. 1 investor participated in its latest round. Corcentric has 5 institutional investors.
Here is the list of recent funding rounds of Corcentric:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 01, 2020 | 6260474 | Series B | 5529789 | 6555465 | 5308366 | 4054329 |
Nov 15, 2018 | 4358919 | Conventional Debt | 9362129 | 1664962 | 5859215 | |
May 25, 2018 | 4548630 | Series A | 3295251 | 8277591 | 3685953 | 7975476 |
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Corcentric's founders and board of directors
Founder? Claim ProfileCorcentric's employee count trend
Corcentric has 557 employees as of Aug 26. Here is Corcentric's employee count trend over the years:
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Corcentric's Competitors and alternates
Top competitors of Corcentric include Coupa, Zaggle and Concur. Here is the list of Top 10 competitors of Corcentric, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Coupa 2006, San Mateo (United States), Acquired | Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend | $169M | 85/100 | |
2nd | Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows | $13.7M | 80/100 | ||
3rd | Concur 1988, Bellevue (United States), Acquired | Provider of travel, expense, and invoice management solutions for businesses | - | 75/100 | |
4th | Developer of procurement software for managing organizational spend and workflows | $82.5M | 73/100 | ||
5th |  Tipalti 2010, Foster City (United States), Series F | Cloud-based procurement and invoice management solutions for businesses | $553M | 73/100 | |
6th | GEP 1999, Clark (United States), Unfunded | Cloud-based procurement-to-pay solutions | - | - | 69/100 |
7th |  Vertice 2021, London (United Kingdom), Series C | AI-powered platform for modern finance and procurement teams | $101M | 69/100 | |
8th | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | $307M | 68/100 | ||
9th |  Globality 2015, Palo Alto (United States), Series E | Provider of AI-driven platform for sourcing and procurement process automation | $368M | 68/100 | |
10th |  Zylo 2015, Indianapolis (United States), Series C | Platform offering SaaS applications management solutions | $72.5M | 68/100 | |
18th | Corcentric 1998, Mclean (United States), Public | Provider of source-to-pay, order-to-cash, and fleet management business solutions | $81.2M | 62/100 |
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Corcentric's Investments and acquisitions
Corcentric has not made any investments yet. Corcentric has made 5 acquisitions.Here is the list of latest three $acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Feb 16, 2021 | Acquisition | 2007 | Omaha (United States) | |
Feb 12, 2019 | Acquisition | 1994 | London (United Kingdom) | |
Feb 11, 2019 | Acquisition | 1996 | San Mateo (United States) |
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Reports related to Corcentric
Here is the latest report on Corcentric's sector:
News related to Corcentric
Filter this listMedia has covered Corcentric for a total of 5 events in the last 1 year, 3 of them have been about partnerships and 1 about company updates.
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Corcentric Expands Procurement Ecosystem with Unite's European MarketplaceGlobeNewswire•Feb 05, 2026•Unite, Corcentric
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Corcentric Partners with Workato to Expand Integration AccessibilityGlobeNewswire•Feb 03, 2026•Workato, Corcentric
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Corcentric and Avalara Partner to Power Global E-Invoicing ComplianceGlobeNewswire•Oct 30, 2025•Corcentric, Avalara
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CB Selects Corcentric to Drive Digital Transformation of Procurement and Finance OperationsGlobeNewswire•Oct 14, 2025•Corcentric, Cartes Bancaires
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Corcentric Teams up with FLAG and IPW to Streamline Procurement Across Vendor Partner Networks
WhatTheyThink•Jun 27, 2025•Corcentric, Flexo Label Advantage Group, Ipw Inc
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Corcentric Partners with FLAG and IPW to Improve Procurement Across Vendor NetworksGlobeNewswire•Jun 24, 2025•Ipw Inc, Flexo Label Advantage Group, Corcentric
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Corcentric Accelerates Intelligent AP Automation DeploymentGlobal Fintech Series•May 20, 2025•Corcentric
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Anjac Health & Beauty Group Chooses Corcentric To Digitalize Its Source-to-contract ProcessGlobeNewswire•Feb 26, 2025•Anjac, Corcentric
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Corcentric Launches Enhanced International Tax Management Engine for Accounts Payable CustomersGlobal Fintech Series•Jan 14, 2025•Corcentric
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