PairSoft, an AI-driven procure-to-pay and financial automation company, announced it has acquired Nimbello, an accounts payable automation and payments provider specializing in purchase-order-based invoices. The acquisition is aimed at strengthening PairSoft’s AI-powered SaaS offerings and expanding its integration capabilities across major enterprise resource planning systems.
The deal enhances PairSoft’s ability to match purchase orders with invoices, improving automation within ERP platforms such as Microsoft Dynamics 365, SAP, NetSuite, Oracle, Blackbaud, and Sage Intacct. Nimbello’s specialized expertise in handling complex, multi-line invoice matching is expected to deepen PairSoft’s functionality, particularly for organizations using Workday and Infor SyteLine.
Founded in 2010 in Granger, Indiana, originally under the name Easy Access, Nimbello was created by Milind Agtey to address inefficiencies in invoice processing for finance teams across industries including healthcare, manufacturing, and higher education. The company has since evolved into a provider of AI-powered automation tools, serving more than 60 customers and processing over 20 million invoices.
Nimbello experienced rapid growth in recent years, expanding revenue by 300% between 2022 and 2025 following leadership additions and support from Vita Mori Ventures. The company also built proprietary AI capabilities for invoice processing and general ledger coding, which will now be integrated into PairSoft’s broader platform.
The acquisition follows PairSoft’s recent majority investment from TA Associates and aligns with its strategy to enhance direct ERP functionality and deliver more advanced automation tools for finance teams. PairSoft’s platform focuses on helping CFO organizations manage accounts payable, procurement, payments, and document workflows with improved visibility and efficiency.
Support: Advisory firm JEGI LEONIS served as exclusive advisor to Nimbello on the transaction, while Reed Smith provided legal counsel. Financial terms of the acquisition were not disclosed.
KEY QUOTES:
“My ultimate goal when I founded Nimbello was to perfect purchase-order matching for industries that required this to keep up with their volume. Now that our company has achieved that and then some, it’s the perfect time to pass the baton to PairSoft, whose customers will also greatly benefit.”
Milind Agtey, Founder of Nimbello
“As a global provider, we serve many multinational organizations with powerful tools and AI for quick scaling. Nimbello’s airtight line matching and reconciliation for high invoice volume complements our solutions in other ERPs, so we’re thrilled to be widening PairSoft’s native integration.”
Matt Cotter, CEO of PairSoft
