Vic.ai
“Can an AI-native AP automation vendor become the end-to-end financial operations platform (invoice → approval → payment → card) for mid-market and enterprise finance?”
Founded2017
HQNew York, NY, United States
FoundersAlexander Hagerup, Kristoffer Roil
Total raised$114.7M
Latest roundSeries C, 2022
IndustryHorizontal SaaS / Accounts Payable Automation
The story
Founded 2017 as an AI-first invoice processing tool for accounting firms and enterprise finance, Vic.ai has steadily expanded from pure AP automation into an end-to-end autonomous finance platform. The 2023 launch of Vic.ai Payments moved the company from workflow software into money movement, and the 2026 partnership with Increase and Core Bank plus the launch of VicCard positions Vic.ai as an embedded finance company competing with Bill.com, Ramp, and Airbase — not just an AP OCR vendor.
Product timeline
2016
Company founded by Alexander Hagerup and Kris Roil to apply AI to accounting.· pivot
2017
Seed round led by Cowboy Ventures.· funding
2020
Launched Autopilot and Autonomous Approval Flows.· product
2022
Official US market launch; closed $52M Series C.· funding
2023
Launched Vic.ai Payments for end-to-end AP automation.· product
2024
Unveiled autonomous finance platform.· product
2025
Launched Victoria agentic AI and first chat-based corporate card (VicCard).· product
2026
Launched VicPay and Vendor Portal; partnered with Increase and Core Bank for banking infrastructure.· product
The stack
7 layers disclosed in Vic.ai’s embedded-finance stack
Payments / PSP
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Open banking
in the full report
Sponsor bank
in the full report
Accounting
in the full report
Accounting gap: none
10 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.