An innovator in B2B invoice management and payments platform, Jenesys AI has acquired a $1.1 million pre-seed funding round and is set to redefine transactional accounting and compliance with AI technology, transitioning the human role from operator to validator.
The Pre-Seed funding was spearheaded by Nigerian co-founder, Oluwatosin Dairo.
This investment, led by Twin Path Ventures and joined by Fuel Ventures, Antler, Hatcher+, and angels from the US, UK, and Nigeria, empowers Jenesys AI to expand its engineering, customer success, and global payment compliance capabilities. Including Nigerian expertise in the team highlights Jenesys AI’s unique approach to integrating AI into everyday financial workflows.
Ollie Purdue, Partner at Antler, comments, “AI is the single biggest growth opportunity in the world. Jenesys is applying genuine innovation in this space to transform invoice and cash flow management. Today’s funding and acquisition announcement is a testament to their future potential. This ambitious and highly skilled founding team builds world-class technology that addresses an urgent market demand. We are proud to have backed Nicolai and Tosin from day zero and to continue backing them as they grow.”
“Jack”, the AI co-pilot developed by Jenesys AI, is powered by their proprietary Accounting Language Model (ALM). Jack streamlines invoice management by maintaining budgets and completing the bookkeeping and compliance checks in under 30 seconds before making a domestic or global payment. This enables
businesses to overcome cashflow challenges and ensure faster international supply chain payments. This innovation resonates with the Nigerian market, where technological advancements are crucial for business efficiency.