Nigerian B2B Invoice Management Startup Jenesys AI Raises USD 1.1 M Pre-Seed

Jenesys AI, one of the leading innovators in B2B invoice management and payments, announces a USD 1.1 M pre-seed funding round. This investment, led by Twin Path Ventures and joined by Fuel Ventures, Antler, Hatcher+, and angels from the US, UK, and Nigeria, will help Jenesys AI to expand its engineering, customer success, and global payment compliance capabilities.

Jenesys AI operates from London and maintains a significant presence in Lagos, Nigeria, employing three senior developers with plans to double the team. “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.