AppZen, a global leader in agentic AI for finance teams, has secured $180 million in growth funding led by Riverwood Capital, a firm recognized for its expertise in scaling technology companies. The funding will accelerate AppZen’s mission of bringing autonomous finance to enterprises worldwide.

Built on its proprietary ZenLM models and Mastermind AI Automation Platform, AppZen’s technology enables finance teams to streamline and automate processes across travel and expense, accounts payable, and corporate card programs. More than 500 global enterprises, including over 65 Fortune 500 companies, rely on AppZen to cut operational costs, reduce spend leakage, and reallocate significant manual workloads to strategic initiatives. The company has already delivered more than $2 billion in savings for its customers.

With the new capital, AppZen aims to scale adoption of agentic AI in finance by converting traditional workflows into intelligent digital coworkers, helping CFOs and controllers replace more than half of their manual tasks without adding headcount or outsourcing. CEO and Co-founder Anant Kale emphasized that the collaboration with Riverwood Capital will accelerate the deployment of Mastermind AI Agents, allowing finance teams to run workflows on autopilot at enterprise scale.

As global businesses face mounting cost pressures, regulatory requirements, and fraud risks, the demand for AI-powered financial automation is rapidly increasing. Market forecasts indicate the global AI industry will expand from $290 billion in 2025 to $1.7 trillion by 2032, with Gartner predicting that one-third of enterprise applications will embed agentic AI by 2028. AppZen is positioning itself at the center of this transformation, helping finance teams transition from process automation to autonomous decision-making.

Riverwood Capital’s Co-Founder Francisco Alvarez-Demalde described AppZen as a pioneer in autonomous finance, highlighting the company’s ability to transform how enterprises manage expenses, payables, and compliance. Both he and Riverwood Partner Alex Porto will join AppZen’s board of directors as part of the investment.

AppZen’s models are trained for deep semantic understanding across more than 40 languages and 60 countries, supporting multi-entity and multi-currency operations. Customers such as Airbus report immediate impact, with significant workload reductions and greater policy consistency achieved through the platform. Its latest product, the Mastermind AI Studio, allows organizations to modernize standard operating procedures into AI Agents without requiring coding, IT support, or advanced training, enabling rapid deployment of digital finance workers.

J.P. Morgan served as the sole placement agent on this transaction. AppZen continues to serve some of the world’s largest and most complex organizations, including Amazon, Boeing, Salesforce, Novartis, and JPMorgan Chase, by providing AI-powered tools that ensure efficiency, compliance, and accuracy in global finance operations.