According to Forbes, Stuut Technologies just raised a $29.5 million Series A led by Andreessen Horowitz to tackle accounts receivable automation. CEO Tarek Alaruri, who previously built Fairmarkit to $30-40 million in revenue, says companies lose up to 5% of EBITDA from poor AR management. Stuut claims it can reduce overdue balances by 40% and cut manual tasks by 70% by actually automating the work rather than just helping humans click buttons faster. The platform handles everything from invoice tracking to customer communication across email, SMS and phone, resolving disputes and learning from each interaction. Customers like Honeywell and PerkinElmer have seen significant improvements, with PerkinElmer reportedly cutting overdue invoices from 50% to 15% in their first year using Stuut.
Why this matters
Here’s the thing about accounts receivable: when it works, nobody notices. When it fails, businesses literally can’t pay their bills. Every company that sells anything has this problem, but it’s particularly brutal for businesses with complex customer relationships and high transaction volumes. Think about it – how many hours do finance teams waste chasing payments, checking bank accounts, and sending reminder emails? It’s the definition of thankless work.
What makes Stuut interesting isn’t just the automation angle – plenty of companies have tried that before. It’s the scope. Instead of just automating one piece of the process, they’re trying to handle the entire lifecycle from invoice to cash collection. That includes communicating with customers directly, resolving disputes, and working across disconnected systems like ERPs and CRMs. Basically, they’re aiming to replace the human entirely for routine AR work rather than just making that human more efficient.
The competitive landscape
Now, Stuut isn’t operating in a vacuum. Companies like HighRadius, Billtrust, and Versapay have been in this space for years. Several are now using the same “autonomous” and “agentic” language that Stuut employs. So what’s different?
From what I can tell, it comes down to implementation speed and true end-to-end execution. Older systems often require lengthy deployments and still rely on humans to manage exceptions. Stuut claims they can deliver measurable results in days rather than months. That’s a compelling argument for finance teams who’ve been burned by complex software implementations before.
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The bigger picture
What I find fascinating about this funding round is where Andreessen Horowitz is placing their bets. While everyone’s talking about AI for creative work and consumer apps, some of the biggest returns might come from automating the boring, essential work that keeps businesses running. Accounts receivable affects every company’s bottom line directly – faster collections mean better cash flow, which means more money to invest in growth.
Alaruri made a smart point about his transition from procurement to receivables: software that helps companies save money is useful, but software that accelerates revenue collection is fundamental. He’s not wrong. And given his track record with Fairmarkit, investors are clearly betting he can solve this problem at scale.
The real test will be whether Stuut can deliver on those ambitious automation claims as they scale. Handling exceptions and complex customer relationships autonomously is much harder than processing straightforward invoices. But if they can actually make accounts receivable teams obsolete for routine work? That’s a $30 million bet worth watching.
