Paris-based Welii, an organization specialised in modular, AI-driven procurement options, introduced on Tuesday, October 15 that it has raised €15M in funding from 13books Capital, Portage, and TOMCAT.
The French firm will use the funds to develop its platform’s capabilities, creating new instruments to supply even better management over procurement and monetary operations.
In addition to funding, the corporate additionally introduced that it has rebranded its title to Najar.
“Our new title, Najar, carries deep that means that ties straight into our philosophy and future imaginative and prescient. In Arabic, “Najar” means carpenter—a robust image of power, construction, and craftsmanship. Simply as a carpenter lays the muse for a constructing, we assist companies create robust monetary infrastructures that help sustainable progress,” explains the corporate.
“However the inspiration for Najar additionally comes from the Nightjar, a chook identified for its agility and eager means to navigate with precision. The Nightjar’s vantage level and capability to anticipate challenges from above mirrors what we goal to supply our purchasers: a transparent, elevated perspective on procurement, with the pliability to adapt shortly to altering circumstances. This twin that means—rooted in each power and agility—types the spine of our model identification,” provides the corporate.
Najar: Revolutionising procurement and finance operations
Based in 2021, Najar (beforehand Welii) helps corporations save money and time by optimising the buying course of and administration of all their SaaS software program.
The corporate’s platform unifies expense optimisation and streamlines procurement to assist organisations cut back prices and simplify advanced monetary processes right into a user-friendly expertise.
The corporate says its buying experience and superior know-how permit for fast integration with purchasers’ instruments, offering visibility, compliance, and operational effectivity.
“Our platform now presents end-to-end management of procurement processes, guaranteeing that companies can lay stable monetary foundations whereas staying agile and adaptable to market calls for,” says the corporate.
In addition to optimising previous expenditures, Najar additionally offers the instruments and insights that corporations have to construction their monetary operations, anticipate challenges, and gasoline their progress.
“As we transition from Welii to Najar, our core promise stays the identical: we’re The Architects of Belief. Our new visible identification displays this daring imaginative and prescient. Impressed by themes of area and structure, Najar’s design speaks to precision, visibility, and innovation. Simply as a spaceship requires belief in its programs and crew to navigate new frontiers, our platform permits companies to rise above the complexities of procurement, providing each stability and adaptableness,” says the corporate.
