Mod AI

We build AI agents that automate the accounts payable process for enterprises.

Designed to imitate accounts payable clerks, our AI agents read emails and find valid invoices, extract data from any document format, perform matching with purchase orders and receipts, route invoices organization-wide for approval, and sync directly with your ERP or accounting system.

We're the only AP automation solution on the market that's already leveraging the latest AI vision models instead of outdated OCR technology, achieving 94% higher accuracy than industry leaders and helping our users see an 83% reduction in time spent.

High-Level Overview

Mod AI is a startup founded in 2025 that builds AI-powered agents to fully automate the accounts payable (AP) process for growing enterprises. Their product handles invoice capture, coding, matching, payment, and syncing with accounting systems, enabling finance teams to reduce manual work by up to 83% and scale invoice processing without adding headcount. Mod AI primarily serves mid-sized to large companies, targeting CFOs, controllers, and AP managers who face challenges in scaling manual invoice processing. By automating these workflows, Mod AI addresses inefficiencies, reduces errors, and improves real-time spend visibility and vendor relationships[1][2][5].

For an investment firm perspective, Mod AI represents a cutting-edge AI automation startup in the finance and business automation sector, riding the wave of AI adoption in enterprise financial operations. Its mission aligns with streamlining manual, repetitive tasks through AI agents, reflecting a broader investment philosophy focused on AI-driven productivity tools. The company’s impact on the startup ecosystem includes advancing AI applications in finance, demonstrating strong early traction, and participating in prestigious accelerators like Y Combinator Fall 2025 batch[1][2].

Origin Story

Mod AI was founded in 2025 in San Francisco by co-founders Evan and Jeet, who identified a persistent pain point in the accounts payable process: manual invoice processing that does not scale with business growth. After interviewing 23 CFOs, they confirmed that most AP teams struggle with scaling due to manual workflows requiring more headcount or costly outsourcing. This insight led them to develop AI agents capable of managing the entire AP workflow end-to-end. Early traction includes successfully helping accounting teams of various sizes streamline invoice processing by 83%, validating their product-market fit shortly after launch[1][2].

Core Differentiators

• End-to-End Automation: Mod AI’s AI agents cover the entire AP process from invoice arrival to payment and bookkeeping sync, reducing manual intervention drastically.
• Scalability: Enables companies to handle 10x invoice volume without hiring additional staff.
• Real-Time Spend Visibility: Provides finance teams with up-to-date insights into expenditures.
• Improved Vendor Relationships: Faster, more accurate payments strengthen supplier trust.
• Ease of Integration: Connects seamlessly with existing accounting systems for quick deployment.
• Focus on Growing Enterprises: Tailored for mid to large companies facing scaling challenges in AP.
• Backed by Y Combinator: Access to a strong network and seed funding from a top accelerator enhances credibility and support[1][2][5].

Role in the Broader Tech Landscape

Mod AI is positioned at the intersection of two major trends: AI-driven automation and digital transformation in finance. The timing is critical as many enterprises still rely on manual AP processes that are inefficient and costly. Market forces such as increasing invoice volumes, labor shortages, and demand for real-time financial insights create strong tailwinds for AI automation solutions. By automating AP, Mod AI not only reduces operational costs but also enables finance teams to focus on strategic initiatives, thus influencing the broader ecosystem by accelerating AI adoption in enterprise finance and setting new standards for operational efficiency[1][2][4].

Quick Take & Future Outlook

Looking ahead, Mod AI is poised to expand its product capabilities, potentially incorporating more advanced AI features like predictive analytics and fraud detection in AP workflows. As AI adoption grows in finance, Mod AI’s influence will likely deepen, helping more enterprises transition from manual to automated processes. Trends such as increased regulatory scrutiny, demand for transparency, and integration of AI with broader ERP systems will shape their journey. Their success will depend on continuing to scale, refining AI accuracy, and expanding into adjacent financial automation areas, reinforcing their role as a key player in the AI-driven finance automation space[1][2][4].