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    3. Vic.ai

    Vic.ai

    Vic.ai is an AI-first autonomous finance platform that eliminates AP bottlenecks and provides full cash control through purpose-built AI algorithms.

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    At a Glance

    1Tool Listed
    6Products
    20Tool Views
    7Capabilities
    Discussions
    New York, NYHeadquarters
    2017Est.
    200Employees
    $115MRaised
    Focus Areas
    Workflow Automation
    Business Intelligence
    Payment Processing
    Connect
    Latest News
    Vic.ai Emerges as the Platform of Choice for Private Equity–Backed CompaniesMar 24, 2026
    Black Diamond Advisory announces strategic partnership with Vic.aiMar 19, 2026
    Markets
    • Enterprise Finance
    • Mid-market accounting
    • Private Equity-backed companies
    • Shared Service Centers

    AI Tools by Vic.ai

    (1)
    View Vic.ai
    Vic.ai tool icon

    Vic.ai

    AI Accounts Payable Automation

    Workflow AutomationBusiness IntelPayment Processing

    Discussions

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    Latest News

    03/24/2026

    Vic.ai Emerges as the Platform of Choice for Private Equity–Backed Companies

    GlobeNewswire
    03/19/2026

    Black Diamond Advisory announces strategic partnership with Vic.ai

    Vic.ai News
    03/03/2026

    Vic.ai Named a 2026 Forbes Best Startup Employer

    Forbes
    06/03/2025

    Vic.ai Launches VicPay™, Vendor Portal, and VicAgents™

    Vic.ai News

    Products & Services

    6
    Vic.ai Accounts Payable

    Autonomous invoice processing platform utilizing proprietary AI for coding and approvals.

    VicCard

    AI-driven corporate expense card providing unified view of non-payroll expenses.

    Expense Management

    Unified platform for managing and automating employee expenses.

    VicAnalytics

    Always-on performance insights across invoice workflows and business entities.

    Market Position

    Vic.ai positions itself as the only AI-first autonomous finance platform, achieving higher accuracy and automation rates (99% and 85% respectively) compared to legacy OCR-based or template-based AP solutions.

    Leadership

    Founders

    AH

    Alexander Hagerup

    Serial tech entrepreneur with a finance and accounting background. Previously founded two tech companies, the most recent funded by Northzone Ventures and later acquired by J2 Global. Former board member of 24SevenOffice.com.

    KR

    Kristoffer Roil

    Founded one of the first VoIP providers, raised $3M by age 21, and has built or served over ten companies including AutoT ($1.2B revenue). Expertise in business systems and finance operations.

    Executive Team

    AH

    Alexander Hagerup

    Co-founder & CEO

    Serial tech entrepreneur, finance/accounting background.

    KR

    Kristoffer Roil

    Co-founder & COO

    Expertise in scaling profitable businesses and business systems.

    Board of Directors

    DK
    Dave Kellogg
    Board Member (Former CEO of Host Analytics/Planful)
    AL
    Aileen Lee
    Board Member (Founder of Cowboy Ventures)
    JR
    Jeff Richards
    Board Member (Managing Partner at Notable Capital)

    Founding Story

    Inspired by Tim Urban's Wait But Why article on Superintelligence, Alexander Hagerup and Kristoffer Roil founded Vic.ai in 2017 to bring autonomous accounting to the finance world, moving beyond simple automation to true AI-driven execution.

    Business Model

    Revenue
    Estimated annual revenue reported around $5M - $20M+ (private estimates vary).

    Revenue Model

    Subscription SaaS (platform fee) plus usage-based fees (per invoice processing).

    Pricing Tiers

    AP Module (AWS Marketplace)
    $25,000/year

    Base module fee for invoice processing and approvals.

    Usage Fee
    Variable

    Per-invoice processing fee based on volume.

    Private

    Target Markets

    Industries & Segments
    • Enterprise Finance
    • Mid-market accounting
    • Private Equity-backed companies
    • Shared Service Centers
    Use Cases
    • Accounts Payable automation
    • Corporate expense management
    • Cash flow efficiency for PE-backed firms
    • Enterprise finance digital transformation
    Notable Customers
    • HCSC
    • Interpublic Group
    • PwC
    • BDO

    Quick Facts

    Headquarters
    New York, NY
    Founded
    2017
    Entity Type
    Inc.
    Employees
    200
    Total Funding
    $115M
    Investors
    ICONIQ Growth, Notable Capital (formerly GGV Capital)
    Office Locations
    New York
    Oslo
    Cary

    Funding History

    Seed$1.5M
    2017-08
    Cowboy Ventures
    Series A$11.2M
    2019-09
    GGV Capital
    Series B$50M
    2021-09
    ICONIQ Growth

    History & Milestones

    2025

    Launched VicPay, Vendor Portal, and VicAgents, moving from automation to execution.

    2022

    Raised $52M Series C funding, bringing total raised to $115M.

    2021

    Secured $50M Series B funding to spur AI adoption in enterprise finance.

    2019

    Closed $11M Series A funding round with GGV Capital.

    2018

    Built AI platform trained on over 100 million accounting documents.

    Key Capabilities

    7
    Autonomous invoice processing with auto-approvals
    AI-driven expense management via VicCard
    Real-time analytics and insights
    99% invoice accuracy rate
    85% no-touch rate by month 6
    Seamless ERP integration (Sage, NetSuite, SAP, etc.)

    Integrations & Partnerships

    Platform Integrations

    • Sage Intacct
    • AppFolio
    • Oracle Fusion
    • Workday
    • Xledger
    • RealPage
    • Microsoft Dynamics GP/Nav
    • NetSuite

    Key Partnerships

    Black Diamond Advisory
    Sage Intacct
    Oracle NetSuite

    Connect

    Website
    vic.ai
    X / Twitter
    VicDotAi
    LinkedIn
    vic
    YouTube
    vicdotai

    AI Topics

    3

    Vic.ai focuses on these topics:

    Workflow Automation(1)
    Business Intelligence(1)
    Payment Processing(1)
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