Financial leakage from supplier invoices drains hundreds of billions annually worldwide, with duplicate payments, incorrect charges, and outright fraud going undetected by overstretched accounts payable teams. Paris-based Fakto has now raised €3.6 million in seed funding to scale its AI-driven platform that automates invoice auditing and recovers these hidden losses. The round was led by Kima Ventures, with participation from prominent business angels including former executives of Sidetrade and Spendesk, as well as founders of several SaaS scale-ups.

Founded in 2023 by Etienne de Rancourt (formerly at Roland Berger) and Alexis Laporte (ex-McKinsey), Fakto addresses a gap they witnessed firsthand in large enterprises: finance teams manually check only a fraction of supplier invoices, leaving 0.5% to 5% of total spend subject to errors or abuse. The platform plugs into ERPs such as SAP and Oracle, then uses proprietary machine learning models to cross-reference every line item against contracts, purchase orders, delivery receipts, and historical billing patterns. It flags anomalies—from simple miscalculations to sophisticated duplicate-invoice schemes—and recommends recovery actions.

Since its launch, Fakto claims to have analyzed over €2 billion in invoice volume and identified €8 million in recoverable overpayments for a client base that includes mid-market firms and large groups in retail, manufacturing, and logistics. “Our engine performs continuous forensic audits at a cost that makes it viable to check 100% of invoices, not just a risky sample,” said CEO de Rancourt.

The fresh funding will finance a doubling of the engineering team, refinement of detection algorithms, and an aggressive push into new European markets. The investment underscores a broader trend: CFOs are turning to vertical AI tools to tighten spend control as payment fraud and complexity rise. Fakto’s pitch—transforming a manual compliance chore into a value-recovery engine—resonates in boardrooms where even a 1% improvement in invoice accuracy can save millions. The round positions the startup to become a key player in the AI-augmented finance stack, challenging both legacy audit firms and broad spend management platforms.

L’article Fakto lève 3,6 millions pour traquer les millions perdus dans les factures fournisseurs est apparu en premier sur Maddyness - Le média pour comprendre l'économie de demain.