Stuut pulls in $68M to automate accounts receivable with AI

What's the deal? Stuut, a New York startup whose AI platform automates accounts receivable work for companies, has raised $67.6 million, according to a recent SEC filing. The filing lists eleven investors in the round.

What's the endgame? Stuut targets the back-office task of chasing invoices and collecting payments, work that ties up finance teams. Its platform automates that process for its business customers.

The tally: Founded in 2023 by Tarek Alaruri, Ben Winter, and Miraj Mohsin, Stuut has now raised $103.1 million in total equity funding.

The signal: The round lands amid steady investor appetite for fintech tools that apply AI to enterprise finance functions. On the same day, three other New York startups disclosed raises: women's health company Evvy pulled in $40 million, compliance and identity platform Footprint raised $25 million, and credit marketplace TareDealroom has a profile for this one. Try Dealroom → closed $13.25 million.

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