Stavtar Raises $55M to Expand Global Footprint and Modernise Financial Workflows
Stavtar secured $55 million in Series A funding to scale globally, automate financial workflows, and expand its enterprise-grade SaaS platform.
Stavtar Secures $55 Million to Expand Its SaaS Platform Globally
Stavtar, a fast-growing SaaS platform for financial workflow automation, has successfully raised $55 million in Series A funding this week. The investment, although a minority stake, will help Stavtar scale globally while boosting innovation and increasing platform reliability for large enterprises.
The round was led by growth equity firm Elephant, which focuses on helping promising tech companies expand faster and serve wider markets efficiently. With this capital, Stavtar will now accelerate product development and strengthen its presence across major global financial hubs and customer bases.
A Purpose-Built SaaS Platform for Financial Operations Teams
Stavtar offers a highly focused SaaS platform that simplifies spend management and automates financial operations for complex enterprise clients. Through its flagship solution StavPay, the company streamlines invoicing, budget planning, contract oversight, and third-party vendor payments for finance teams. Additionally, StavPay helps transform outdated manual processes into smooth digital workflows that offer visibility, transparency, and better approvals in real time.
Because of this, CFOs and their teams gain greater control while reducing the burden of fragmented spreadsheets and disconnected systems.
Funding Will Power Growth, Innovation, and Hiring
This fresh funding will now support innovation across the SaaS platform, including enhanced virtual card tools and vendor payment capabilities. Stavtar also plans to grow its teams across engineering, sales, implementation, and customer success, especially to meet rising enterprise demand.
Furthermore, it will strengthen its AI and mobile capabilities, ensuring more intuitive access and control for CFOs on the go. The platform will also expand beyond alternative asset managers, targeting more complex enterprises that face similar operational and financial challenges globally.
Founder Story Rooted in Real Financial Pain Points
Co-founders Steven Petersen and Avtar Batth previously served as CFO and CTO in alternative investment firms with inefficient finance operations. Because of firsthand pain points caused by spreadsheets and legacy tools, they created Stavtar to serve finance teams more effectively.
Their deep industry understanding led to a system that prioritises automation, collaboration, and real-time analytics for large-scale financial operations. Since inception, they’ve remained focused on solving genuine problems rather than just digitising existing inefficiencies in the finance function.
Explosive Growth in Revenue and Customer Base
Stavtar’s revenue has impressively grown by more than 1300% in just three years, reflecting its strong product-market fit and demand. Currently, the company serves over 100 enterprise clients managing assets worth more than $2.4 trillion worldwide across various asset classes.
Its SaaS platform has become the preferred solution for hedge funds, family offices, and private equity firms looking to scale efficiently. This traction positions Stavtar as a key player in the evolving enterprise fintech space that values real-time financial control and compliance.
Strategic Support from Elephant to Fuel Global Scale
Elephant partner Peter Fallon, who now joins Stavtar’s board, praised the company’s ability to solve real problems with powerful software solutions. He highlighted that Stavtar addresses high-value challenges in finance with a practical, scalable approach ideal for global market expansion.
With Elephant’s backing, Stavtar will now scale its impact further, while continuing to evolve its product for even broader use cases. This partnership combines strategic capital with operating expertise to help Stavtar enter new markets and enhance long-term enterprise relationships.
Stavtar’s Vision for the Future of Financial Software
Stavtar envisions a future where finance teams rely on integrated systems instead of isolated spreadsheets and outdated workflow tools. Co-founder Steven Petersen emphasised their mission to replace manual, disconnected workflows with intelligent systems built for modern finance teams.
Avtar Batth added that the funding accelerates their goal to build intelligent, scalable software for financial operations across complex sectors. With offices in New York, Dallas, London, Mumbai, and Bengaluru, Stavtar is strategically positioned to serve finance teams globally.
