Spend Management Startup, Konta, raises MAD 2 million ($223k) from the Southbridge A&I and Axxam Family Office’s investment company. Konta, a B2B spend management startup established, developed, and sponsored by Mosaic lab, has positioned itself as a pioneering SaaS solution for the digital management of supplier expenditure using artificial intelligence technology.
What You Need To Know About Konta
Founded in 2019 by the trio of Issam Dahman, Mehdi Zirari, and Elarbi Aboussouror, Konta was able to consolidate its product and sign with several clients in Africa and Europe, before carrying out its first fundraising in Seed DE from Witamax.
The startup, which is primarily targeting large accounts as well as Moroccan and international SMEs, aims to provide technology that streamlines and simplifies the process of managing supplier expenses through a systematic process, saving time, money, and resources for businesses in sectors such as banking, insurance, aviation, and the automotive industry.
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In addition to streamlining and simplifying the process of processing supplier expenses, the Startup also addresses issues such as regulatory compliance, error, omission, and fraud by ensuring an automatic audit and real-time approval of each supplier invoice, making the financial functions’ approval process much shorter and less complex.
As a result of this dual ability, Konta is able to assist organizations in maintaining their relationships with their suppliers while also consolidating their key service provider base.
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