PredictAP, a machine-learning enabled invoice ingestion & coding solution for real estate accounts payable (AP), announced the close of its $8-million series A financing round. The round was led by leading real estate technology venture capital firm RET Ventures, with additional participation from Wise Ventures.

Founded in 2020 by David Stifter and Russell Franks, PredictAP was developed as a fintech solution to automate the ingestion and coding of invoices for real estate accounting departments. Large real estate companies receive thousands of invoices a month, each of which has to be coded through a several-minute process that requires manual data entry.