Home›Companies›Mod AI

Mod AI

Our AI Agents Replace Accounting Clerks

We're building the agentic workforce that will replace the bottom half of the accounting org chart. Our agents imitate accounting clerks, taking charge of the entire workflow; vendor communication, fraud detection, invoice coding and exception handling. In just 49 days, we built a compliant platform from scratch and closed 6 enterprise contracts ($165k cARR), helping customers reduce labor costs by 83%. 4 of these customers are also participating in our seed round! Evan & Jeet are previous founders from LinkedIn, Amazon, and Adyen, that met studying CS at UIUC.
Active Founders
Evan Meyer
Evan Meyer
Founder/CEO
CEO @ Mod AI Studied CS + Stats at UIUC and worked in data, ML, AI at LinkedIn and a couple of startups.
Sunjeet Chugh
Sunjeet Chugh
Founder and CTO
CTO @ Mod AI (F25). Studied CS & Statistics @ UIUC, previously worked on distributed systems and AI agents at Amazon, Adyen, and a consulting firm.
Company Launches
Mod AI: Automating Accounts Payable with AI Agents
See original launch post

Hey everyone đź‘‹

We’re Evan and Jeet – co-founders of Mod AI.

TL;DR

Mod AI automates the manual work of processing invoices for growing enterprises. We’ve already helped accounting teams of 1-20+ streamline their invoice processing by 83%.

Ask: Can you introduce us to CFOs, controllers, Accounting Directors, or Accounts Payable managers of mid to large companies that could benefit from streamlining their accounting processes with AI? Contact us at evan@mod-ai.org

https://youtu.be/XaT6mEQnWmE

❌ The Problem

Most growing enterprises still process invoices manually—hiring AP clerks to comb through inboxes, type up documents, and chase approvals. As volume grows, they scramble to add more headcount or outsource to expensive temps.

This creates three major pains:

  1. Cash flow blindness – No visibility until month-end close
  2. Unscalable manual work – More invoices means more clerks (highest-turnover role in finance)
  3. Vendor relationship damage – Late payments and errors erode trust

We talked to 23 CFOs last month—nearly all said their AP process couldn't scale.

đź‘· Our Solution

Mod AI deploys AI agents that handle your accounts payable process end-to-end—from the moment an invoice arrives to the moment it's paid and synced to your books. Companies simply connect their systems and instantly get:

  • Complete invoice capture 📥**:** Auto-pull from email, supplier portals, EDI, physical mail
  • Intelligent processing đź§ **:** 97%+ accurate GL coding, 2-way/3-way matching, fraud detection
  • Seamless approval & payment âś…: Custom workflows, one-click approvals, direct sync to accounting software

Result: Real-time spend visibility, 10x invoice volume without hiring, and stronger vendor relationships.

🙏 Our Ask

If you answer "yes" to any of these, we'd love your help:

  • Do you know any mid-market CFOs, Controllers, or VP Finance leaders whose AP teams are drowning in manual invoice work? Or are you one yourself? We'd love to show you a demo and discuss how Mod AI can help you scale without adding headcount.
  • Can you introduce us to any finance operations networks or communities where leaders are looking for AI solutions to automate back-office work?
  • Can you introduce us to any accounting firms, fractional CFO groups, or ERP consultants who work with mid-market companies in financial services, insurance, or manufacturing?

👉 Contact us at evan@mod-ai.org

Mod AI
Founded:2025
Batch:Fall 2025
Team Size:3
Status:
Active
Primary Partner:Tom Blomfield