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Accounts payable automation firm Lessn as we speak introduced that it exceeded $100 million being transacted on its platform inside its first yr of operations, as the corporate considers a brand new funding spherical.
Lessn’s accounts payable expertise hyperlinks to medium to giant owner-operators companies’ accounting programs, sometimes Xero or MYOB, with funding sources resembling rewards playing cards and bank-to-bank. Its system permits firms to enhance money movement, earn rewards and benefit from pay-early reductions while maximising accuracy, automation and safety for accounts groups.
Purchasers embrace medical centres, actual property and building companies together with excessive web price household places of work.
Lessn Founder David Grossman is optimistic in regards to the firm’s continued quick development trajectory.
“Lessn surged via its $2 million income milestone in February 2026 and grew fivefold in current months. We now have discovered a candy spot on the increased finish of the medium to large-sized enterprise market serving companies that make funds of greater than $100,000 per 30 days, some into the tens of millions.”
“Lessn’s funds orchestration platform goes past card funds. It wraps round accounting, banking, and card portals, opening a variety of cost options surrounding accounts payable. This fits companies that need to maximise rewards factors and scale back commerce finance prices while making certain audit trails throughout their AP,” Grossman mentioned.
Throughout current months, the corporate has attracted rising curiosity from each current and new traders reflecting its robust development profile, with billionaire property developer Theo Onisforou amongst traders “very critically contemplating investing within the subsequent funding spherical.”
Traders in Lessn embrace Brendan Prepare dinner, founding father of oOh!media, Dean Swan of monday.com and Michael Masterman, co-founder of Factor Zero and Po Valley Vitality, with $3 million already been invested within the firm and its distinctive expertise.
As the corporate has grown its valuation has elevated considerably, with a small funding spherical having raised $300,000 at a valuation of $30 million in November 2025.
The enterprise claims a serviceable addressable market of greater than 1 million small to medium enterprise in Australia, valued at greater than $36 billion. The corporate additionally has alternatives for worldwide development the place nations have comparable funds environments together with Asia, New Zealand and the UK.
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