Invoice fraud detection platform Alii secures $2.5 million in pre-Series A

A Brisbane-based software company helping schools, firms and enterprise organisations mitigate the risk of being hacked and streamline their procurement process has raised $2.5 million in a pre-Series A capital round backed by Maranello Capital.

Alii’s latest capital injection comes one year after the company raised $1.6 million in a funding round backed by SeventyTwo Capital, and will be used to increase the company’s staff count by 18 - bolstering its customer engagement, sales, marketing and product development teams.

Founded in 2018, Alii is a fully automated end-to-end accounts payable solution with invoice fraud detection and also offers a centralised web interface that allows authorised employees to approve procurement requests.

Read More: https://www.businessnewsaustralia.com/articles/fraud-detection-platform-alii-secures--2-5-million-in-pre-series-a--.html