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BlueBean Launches With $1.3 Million to Help Businesses Save on ExpensesBlueBean, an all-in-one procure to pay solution, today announces its launch with $1.3 million in capital. The funding round was led by Tola Capital and partner Aaron Fleishman joins as a board member. Created in 2023 by procurement expert and former Coupa Software VP Fabrice Saporito, BlueBean helps businesses manage their expenses. Larger businesses make use of professional procurement teams to get lower prices from vendors. However, a large market of 90% of global businesses buy without a procure to pay solution or team to help negotiate prices or ensure compliance. BlueBean offers a new way to run procurement with a browser extension that helps businesses easily manage their expenses. It targets companies without procurement organizations to help them increase profits by decreasing purchasing costs. BlueBean's discount codes and negotiated prices on 20+ purchase categories and thousands of products and services give a head start to any organization that does not have an in-house procurement team, while empowering them to make purchases that are within their rule set, without delaying the process with extra steps or people.
Businesses can sign up for BlueBean's all-in-one procure to pay solution now to reduce costs and increase profitability with:
"The BlueBean team has been successfully pioneering the procurement industry for the past 25 years. We're thrilled for the opportunity to partner with them as they build out an easy to use procurement product experience for a large part of the market that has been underserved to date," said Aaron Fleishman, Partner at Tola Capital. With the new capital, BlueBean will primarily invest in product development and support resources to ensure customer success. The company plans to onboard its first customers that have already signed up during the beta period. To learn more about BlueBean, visit https://bluebean.ai/. About BlueBean Based in Boston and founded in 2023, BlueBean is procurement simplified that offers an all-in-one procure to pay solution. The company was founded by procurement experts and offers a new way to help businesses easily manage their expenses. To learn more, visit https://bluebean.ai/. About Tola Capital Tola Capital is a venture capital firm that believes in the power of software, data, and AI to transform the way the world works. Founded in 2010 by experienced software operators at the forefront of cloud computing's rise, the firm backs early-stage founders who are building disruptive, industry transforming, enterprise solutions with exceptional and diverse teams. To learn more, visit: https://tolacapital.com/
View source version on businesswire.com: https://www.businesswire.com/news/home/20240215071137/en/ |