Maximor expands autonomous finance platform after growth

Maximor has expanded its platform to run finance operations autonomously across core finance functions, following 35-fold revenue growth in nine months.

The New York-based company has reached multi-million-dollar annual recurring revenue after broadening its product beyond individual finance tasks into workflows spanning revenue, cash, close, accounts payable, accounts receivable and financial reporting.

About 98% of transactions on the platform now run from start to finish without human intervention. The remaining 2% are escalated when the system encounters a decision it has not seen before.

Maximor is targeting a long-standing problem in corporate finance: companies often rely on multiple software tools for invoicing, reconciliations, reporting and accounting records, yet still need staff to interpret exceptions and complete workflows manually.

As a result, finance teams remain responsible for the final outcome even when parts of the process are automated. Maximor argues that this gap has limited the gains companies can get from finance software.

"Finance teams are not short of software. They are short of systems willing to take responsibility for the work," said Ramnandan Krishnamurthy, Chief Executive Officer and Co-Founder of Maximor. "The ERP records what happened. Maximor learns why it happened, executes what comes next and knows when to stop and ask. That is the difference between automating a task and running finance autonomously."

Customer base

Maximor now works with more than 25 customers in sectors including software, manufacturing, construction, hospitality and consumer goods. Its software operates across hundreds of entities, thousands of bank accounts and millions of transactions each day, according to the company.

Customers using the system have reduced repetitive finance work by about 90% and cut audit exceptions by roughly 75%, the company said. In many cases, transactions are no longer entered manually into the ERP and instead are reviewed and approved by a smaller finance team, according to Maximor.

One example involved a global cybersecurity company managing cash across 10 legal entities, seven currencies and more than 20 bank relationships. Maximor said the deployment went live in under four weeks and reduced the team needed to manage cash from 20 people to five.

In another case, a private equity-backed roll-up with 14 business units and more than 30 subsidiaries used the platform for consolidation and back-office operations. That customer reduced audit findings from seven to zero and cut related spending by about 70% within six months, according to the company.

Existing systems

Maximor said its Audit-Ready Agents operate within a company's existing finance software rather than replacing core systems. The software posts entries in ERP systems, reconciles bank accounts, captures bills, sends invoices, manages approvals and escalates judgment calls through Slack, while logging each action for traceability.

That means the ERP remains the system of record, while Maximor handles the work across those systems without requiring a lengthy migration project, according to the company.

Its commercial model also differs from conventional software pricing. Rather than charging by seat or licence, Maximor said customers pay for work that goes live.

Sloan Session, Chief Financial Officer of Dura Software, described the difference in operational terms.

"We looked at plenty of tools that automate individual finance tasks - you still end up with your team stitching the work together and owning every outcome. With Maximor, it takes responsibility for the whole workflow, not just the task. It runs the operation but, critically, it knows when to pull us in. This builds trust. That trust is what keeps our finance function in step with how fast we're growing," Session said.

Founders and funding

Maximor was founded in New York in 2024 by Krishnamurthy and Ajay Krishna Amudan. The pair previously worked on enterprise and finance transformation projects at Microsoft and with companies including Coca-Cola and Walmart.

The company raised USD $9 million in a seed round led by Foundation Capital, with participation from Gaia Ventures, Boldcap and other investors. The latest growth figures come nine months after that financing.

Investors say the company is tapping demand from finance leaders seeking more than task-level automation, particularly as teams deal with added complexity from acquisitions, multiple entities, varied pricing structures and growing reporting requirements.

"Finance software has spent years automating individual tasks while leaving the team responsible for stitching the work together," said Ashu Garg of Foundation Capital. "Maximor is moving the category from automation to autonomy. The company's growth shows that CFOs are ready to hand over complete workflows when autonomy comes with the control and auditability finance demands."