Hyphenate, a New York-based fintech startup developing an autonomous finance platform for enterprise finance teams, has raised $45 million in a Series A funding round led by Nexus Venture Partners. The round included participation from B Capital and existing investors Foundation Capital, BoldCap, and Gaia Ventures.
The latest investment brings Hyphenate’s total funding to $54 million, following a $9 million seed round announced in 2025.
Founded in 2024 by former Microsoft finance transformation leaders Ramnandan Krishnamurthy and Ajay Krishna Amudan, Hyphenate was previously known as Maximor. The company adopted its new name in October 2026 to reflect its broader focus on automating financial operations across enterprises.
Hyphenate develops an AI-powered platform that operates alongside companies’ existing enterprise resource planning (ERP), banking, and financial systems. Its technology uses historical accounting records, spreadsheets, emails, and operational data to learn financial workflows and automate recurring tasks while maintaining audit trails.
The platform supports five areas of corporate finance: order-to-cash, treasury, general ledger accounting, procure-to-pay, and financial reporting and insights. Its AI agents handle activities such as invoicing, cash reconciliation, collections, accounting entries, and financial close processes, escalating decisions that require human judgment.
Hyphenate said it had reached multimillion-dollar annual recurring revenue within a year of its seed funding round. Its customers include Mini Melts USA, HiBid, Synthesia, and Nasdaq-listed Groupon, which use the platform for different financial operations.
The company plans to use the Series A funding to expand its autonomous finance capabilities, develop additional AI-driven workflows, and extend its platform into strategic finance functions. The investment will also support broader enterprise adoption of its technology.
