When was OpenEnvoy founded?

OpenEnvoy was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is OpenEnvoy located?

OpenEnvoy is headquartered in Las Vegas, United States.

Who is the current CEO of OpenEnvoy?

Matthew Tillman of OpenEnvoy. They have also founded 1 company.

How many employees does OpenEnvoy have?

As of Sep 30, 2026, the latest employee count at OpenEnvoy is 55.

Is OpenEnvoy a funded company?

OpenEnvoy is a funded company, having raised a total of $21.5M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 13, 2021.

When was the latest funding round of OpenEnvoy?

OpenEnvoy's latest funding was a $***** Series A round on May 03, 2023, with participation from 5 investors. Its primary sector is RegTech. In United States, the RegTech sector has seen $960M in funding in 2026 to date.

Where does OpenEnvoy rank among its competitors?

OpenEnvoy ranks 17th amongst 102 active competitors, of which 17 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Sidetrade, which secured an undisclosed amount in Mar, 2026.

Who are the top competitors of OpenEnvoy?

OpenEnvoy's top competitors include Avalara, Vertex and Baiwang. Among them, Sidetrade secured the most recent funding round in March, 2026.

OpenEnvoy - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of accounts payable and accounts receivable automation software solutions. The software captures, codes, and matches invoices in real time. It automates cash application, order entry, and reconciliation. The platform connects to systems for workflow automation. It offers features such as fraud detection, compliance control, and supplier visibility. The software is designed for finance, procurement, and IT roles across various industries.

Website: www.openenvoy.com/
Social

Key Metrics

Founded Year

2020

Location

Las Vegas, United States

Stage

Series A

Total Funding

$21.5M in 2 rounds

Latest Funding Round

Series A, May 03, 2023, $*****

Investors

RRE Ventures & 12 more

Ranked

17^th among 102 active competitors

Employee Count

55 as on Sep 30, 2026

Similar Companies

Avalara & 109 more

View OpenEnvoy's full profile

OpenEnvoy has raised a total funding of $21.5M over 2 rounds. Its first funding round was on Apr 13, 2021. Its latest funding round was a Series A round on May 03, 2023 for $*****. 5 investors participated in its latest round. OpenEnvoy has 11 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of OpenEnvoy:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 03, 2023	8245283	Series A	4602410	3052776	9202065	1321389
Apr 13, 2021	7892297	Seed	7936487	2388488	Riot	RRE Ventures & 7 more

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View details of OpenEnvoy's funding rounds and investors

The founders of OpenEnvoy is Matthew Tillman. Matthew Tillman is the CEO of OpenEnvoy.

Here are the details of OpenEnvoy's key team members:

Matthew Tillman: Co-Founder & CEO of OpenEnvoy and founder of 1 other company.
Contact Info: 1 email address

View details of OpenEnvoy's Founder profiles and Board Members

OpenEnvoy's employee count trend

OpenEnvoy has 55 employees as of Sep 26. Here is OpenEnvoy's employee count trend over the years:

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Top competitors of OpenEnvoy include Avalara, Vertex and Baiwang. Here is the list of Top 10 competitors of OpenEnvoy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Avalara 2004, Seattle (United States), Acquired	Provider of cloud-based solutions for tax compliance and related services	$343M	Sageview Capital, Battery Ventures & 19 others	70/100
2nd	Vertex 1978, King Of Prussia (United States), Public	Provider of tax technology software and solutions for global businesses	-	HTIF, Marc Bell Capital	62/100
3rd	Baiwang 2015, Beijing (China), Public	Provider of digital solutions for financial supply chain and tax compliance	$147M	Alibaba Group, Shenzhen Capital Group & 7 others	62/100
4th	Syndio 2009, Seattle (United States), Acquired	Provider of compensation decision intelligence platform for pay equity and compliance	$83M	Emerson Collective, Bessemer Venture Partners ... & 15 others	61/100
5th	Blue dot 2013, Amstelveen (Netherlands), Acquired	Provider of AI-powered platform automating tax compliance for employee spend	$76M	Ibex Investors, Viola Group & 6 others	61/100
6th	Zamp 2022, San Francisco (United States), Seed	Provider of digital employee solutions for finance and operations automation	$46.7M	Peak XV Partners & 12 others	60/100
7th	April 2021, New York City (United States), Series B	Provider of embedded tax solutions for financial platforms and institutions	$78M	QED Investors, Team8 & 7 others	60/100
8th	Sidetrade 2000, Boulogne (Argentina), Public	Provider of an AI-powered order-to-cash platform for financial operations	-	Herald Investment Management, Phitrust Impact Investors ... & 8 others	57/100
9th	AppZen 2012, San Jose (United States), Series D	Provider of AI-powered software for expense auditing and accounts payable	$283M	Redpoint Ventures, Riverwood Capital & 24 others	56/100
10th	Unifiedpost Group 2001, La Hulpe (Belgium), Public	Provider of digital solutions for automating financial processes and tax compliance	$59.7M	SmartFin, PE Group & 7 others	55/100
17th	OpenEnvoy 2020, Las Vegas (United States), Series A	Provider of accounts payable and accounts receivable automation software solutions	$21.5M	RRE Ventures, Hack VC & 11 others	52/100