The Problem: Disconnected Systems and Manual Processesīusinesses today are still inundated with dozens of accounting and payment systems to manually process invoices and payments from vendors and customers. The funding will enable the startup to scale its team and onboard thousands of customers that are waiting to use its platform. The invisible network works behind the scenes and acts as a centralized clearinghouse that connects and synchronizes dozens of accounting software and payment applications. Today Cherry emerged from stealth with $4 million in seed funding led by NFX to scale its digital business network that enables live tracking of invoices and payments while eliminating manual processes. By creating a seamless invoicing and payment digitalized workflow.” - Moshe Teitelbaum Co-Founder and CEO of Cherry “We created Cherry after working in businesses that struggled to manage more than 500 vendor payments monthly that enabled errors, fraud, and scores of precious manual hours wasted. Brooklyn, New York – WEBWIRE – Tuesday, November 8, 2022
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