Stuut Technologies today announced a $29.5 million Series A led by Andreessen Horowitz, a major investment in the kind of work few people in tech ever think about and most finance teams quietly dread. Accounts receivable is the definition of a thankless job, built on tedious and repetitive record keeping, manual follow up, and constant cross checking of ERPs, portals and bank accounts. When it fails, businesses lose cash. When it works, nobody notices.
Stuut founders L to R Ben Winter, Miraj Mohsin, and Tarek Alaruri – Landscape
Stuut
CEO and co-founder Tarek Alaruri noticed. “The technology to actually automate this work didn’t exist eighteen months ago when we started Stuut,” he told me in an interview. “Previous solutions help humans click buttons faster. We eliminate the clicking entirely.”
Alaruri is a second time founder. His previous company, Fairmarkit, grew to roughly two hundred employees and $30-40 million in revenue before he left to start Stuut. He said the decision came from years of watching how much time companies waste trying to collect the money they have already earned. In trucking brokerage, procurement, and enterprise sales he saw the same pattern: people spent far too much of their day chasing payments. “Every business in the world needs to collect money and no one’s doing it efficiently,” he said.
I understand the micro version, as every freelancer does. Even a handful of invoices require constant monitoring. Was the wire sent? If so, where is it? When it is this effortful at my scale, a company with just hundreds of customers must spend an enormous amount of time on this. Indeed, Alaruri says companies lose up to 5% of EBITDA because of poor AR management. This problem is particularly acute for organizations with complex customer relationships and high transaction volumes. Traditional software has tried to help for years, but it all hits the same wall: it can’t actually do the work—it just gives humans tools to do it themselves.
Instead of giving finance teams more software and more screens, Stuut connects to CRM systems, ERP systems, bank data and communication channels. It tracks every invoice through its entire lifecycle. It communicates with customers directly by email, SMS or phone. It resolves disputes, deductions and payment matching. It learns each customer’s behavior and remembers every interaction. “We can handle exceptions and complexity, learn from each interaction, work across disconnected systems, and execute tasks end to end,” Alaruri said.
The performance claims are substantial. Stuut says customers reduce overdue balances by forty percent and cut manual tasks by seventy percent. Honeywell’s head of quote to cash, Razvan Bratu, said the platform “handles the routine work so our people drive increased real business value,” adding that for those customers, collections are faster and cash flow is improving. That is the kind of language finance chiefs pay attention to.
PerkinElmer, a billion dollar medical device company, started with half their invoices overdue. Stuut automated over 80% of the work on their tail customers to help reduce that balance to 15% in the first year according to Alaruri. “This freed up cash flow to help them expand,” he said.
Investors are making the same argument. Andreessen Horowitz partner Seema Amble said accounts receivable is “still dominated by manual work” and that Stuut stands out by replacing repetitive tasks rather than speeding them up. She added that the results delivered so far “already delivered clear ROI.”
Another backer, Steve Sarracino of Activant Capital, put it more bluntly: Stuut is “redefining AR as an autonomous system of intelligence that learns, executes, and compounds value over time.”
The competitive field is real, whether Stuut acknowledges it or not. HighRadius, Billtrust, Versapay and Esker have been selling AR automation for years. Several have begun using “autonomous” and “agentic” to describe their offerings. There is also a wave of new AI agent startups entering the space. The difference is scope and speed. Older systems are complex and require long deployments. Many still rely on humans to manage queues and exceptions. Newer products tend to automate only narrow slices of the workflow.
Stuut is trying to deliver something broader. It promises end to end execution, short implementation windows and measurable lift in days rather than months. That is what differentiates the company, not the idea of automation itself.
For Alaruri, the move from procurement to receivables was pragmatic. Software that helps companies save money is useful. Software that accelerates revenue collection is fundamental. “It’s a huge problem,” he told me. “And nobody wakes up and says their first job should be accounts receivable.”
AI is grabbing attention in creative industries and consumer tools, but some of its biggest returns may come from the overlooked work that keeps the economy running.