Boston Massachusetts based Fairmarkit raises $11 Million in Series A Funding.
Boston, MA – According to filings with the U.S. Securities and Exchange Commission, Fairmarkit is raising $11 Million in a new round of investment. Sources indicate as part of senior management Chief Executive Officer, Kevin Frechette played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About FairMarkIT
Through streamlined sourcing, vendor identification, and automated quoting, Fairmarkit accelerates the bid-to-buy process. The solution uses machine learning and artificial intelligence to reduce manual effort by 30-40% on purchases while yielding savings of over 15%. The platform connects directly to your existing internal systems providing a rapid implementation process and enabling more spend to be placed under management. Fairmarkit is headquartered in Boston and is the only solution focused exclusively on tail spend sourcing and payment process.
To learn more about Fairmarkit, visit http://fairmarkit.com/
Contact:
Kevin Frechette, Chief Executive Officer
(800) 558-8017
kevin@fairmarkit.com
https://www.linkedin.com/in/kevin-frechette-49652921/
SOURCE: http://www.intelligence360.io
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