Alii announces successful Pre-Series A funding of $2.5M and is set to expand services and offering in 2023

After a tremendous year of growth at Alii, we are thrilled to announce that with the support of our valued investors, and most importantly our growing client base, Alii’s service and offering will continue to expand and transform in 2023.

With a successful Pre-Series A funding of $2.5 million, we are using the investment to continue to grow our team and provide even more value and support to our dedicated client base, to help them achieve their business transformation and automation goals.  

Following this exciting news, CEO of Alii, Chamil Fernando has shared the following with our clients.

“It’s an exciting time for us at Alii and as an organisation, we are delighted to share our success and growth with our clients. As schools, firms and businesses of all kinds work towards streamlining their operational priorities, Alii clients continue to stay ahead of operational inefficiencies and fraud-related threats that come from legacy software and processes,” he said.  

“Over the next 12 months and beyond, we will continue to invest in our clients and our product with the release of new modules and value-add enhancements, as well as placing a strong emphasis on customer experience and support. As we continue to grow and expand our product offering, organisations can expect greater benefits and efficiencies through Alii with their processes and operations simplified further.”

The overall efficiencies and solution offering provided through Alii has enabled to increase the client base by more than 240% over the last 12 months. The impressive list of clients now includes Ruyton Girls’ School, Brighton Grammar, Newington College, Trinity College WA and Brisbane Boys College.

Speaking about their decision to implement Alii, Ruyton Girls’ School Director of Business Tim Rowler said,

“Where Alii stands out is its capacity to integrate and modernise current systems without requiring a complete overhaul. It has allowed our team to spend time on high-value tasks while providing better reporting and financial delegations, as well as mitigating against email hacking.

Executive Director and Alii Board Chairman, Gordon Tan, believes the company’s existing footprint is a great testament to the growth of Alii under the extraordinary leadership of Chamil Fernando.  “The growth we have experienced is phenomenal. Alii growth projections target a 60% organic penetration of the independent and private school market in 3-5 years. This excludes growth recorded in adjacent sectors such as not-for-profit and legal,” he said.

Alii intends to continue providing an all-inclusive solution to digitise and automate the accounts payable process of leading education institutions, law firms and Enterprise organisations across Australia and New Zealand. With fraud detection, customised workflows and approvals, we strive to greatly improve the accounts payable processes for businesses for years to come.

To read more visit: https://www.businessnewsaustralia.com/articles/fraud-detection-platform-alii-secures--2-5-million-in-pre-series-a--.html  

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