CIBC Innovation Banking Provides $20MM in Growth Capital to Procurify

CIBC Innovation Banking provided $20 million in growth capital to Procurify, a company in proactive spend management solutions. This funding will support Procurify’s continued development of procurement technologies and its mission to enhance organizational spend transparency and efficiency._x000D_
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“Working with CIBC Innovation Banking, we’ve been able to deliver new AP automation capabilities which are helping businesses gain better control and operational efficiency through automation,” Aman Mann, CEO of Procurify, said._x000D_
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“Procurify is building strong momentum towards transforming organizational spend management,” Josh Olawale, director at CIBC Innovation Banking, said. “Their procure-to-pay platform can assist companies in effectively maintaining budgetary control and enhance operational efficiencies helping to position Procurify as a leader in end-to-end spend management.”