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Tonkean Acquires AI Spend Intelligence Startup Cinch, Doubling Down on Procurement, Finance, and EMEA

via Business Wire

Tonkean, the first-of-its-kind process and agentic orchestration platform, today announced that it has acquired the AI-powered finance and logistics intelligence startup Cinch. The acquisition signals a major new investment by Tonkean in its procurement and finance offerings as well as its presence in Europe, the Middle East, and Africa (EMEA). (Learn more about Cinch here: http://cinchtry.com/.)

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Tonkean Acquires AI Spend Intelligence Startup Cinch, Doubling Down on Procurement, Finance, and EMEA

Tonkean Acquires AI Spend Intelligence Startup Cinch, Doubling Down on Procurement, Finance, and EMEA

Recently named a 2025 Gartner® Cool Vendor in Logistics and Fulfillment Technology, Cinch is an advanced, AI-powered platform that helps enterprise finance and procurement teams automatically capture, organize, and analyze freight and invoice data in real time, turning unstructured documents into actionable spend insights.

As part of the acquisition, Ohad Azgad, Cinch’s CEO and co-founder, will be joining Tonkean as its new General Manager for FinanceWorks, Tonkean’s agentic orchestration solution for enterprise finance teams. Ran Amar, Cinch’s CTO and co-founder, will be joining Tonkean as the new product architect of FinanceWorks.

For Tonkean customers, the acquisition brings powerful new capabilities for invoice processing, vendor analytics, and spend intelligence—delivering unmatched visibility and control over the full procure-to-pay lifecycle.

“The ripest part of any business for disruption by AI is G&A,” says Tonkean co-founder and CEO Sagi Eliyahu. “This has long been Tonkean’s strong suit. We view acquiring Cinch, folding their expertise in finance and logistics intelligence into our broader orchestration capabilities, and joining their talented team with ours as a way to double down on areas where we’re growing quickly and where we’re already leading. We couldn’t be more excited.”

“Tonkean is the undisputed leader of the orchestration space,” says Ohad Azgad, Cinch’s co-founder and CEO. “We’ve long felt that what they’re making possible with end-to-end agentic orchestration is going to define the future of work in enterprise G&A. Tonkean provides a huge unlock for what we’ve been building at Cinch, and we’re excited to see what combining the two makes possible for enterprise finance and procurement teams.”

Cinch’s finance and logistics intelligence offering will supplement Tonkean’s process and agentic orchestration with:

  • Real-time AI-powered invoice triage. Rapidly detect real-time discrepancies and risks across documents through a multi-way matching invoice system.
  • Centralized vendor analysis with 100% visibility. Benchmark vendors effortlessly and gain valuable spend insights.
  • Dashboards for all your insights. Automatically process and categorize bulk documents, and output into a streamlined view of your spend data.

Acquiring Cinch also signals a major investment in Tonkean’s EMEA presence. Cinch is based in Israel, with a major presence in Germany.

“We’ve found that the demand for agentic orchestration is particularly fervent among finance and procurement teams in Europe,” says Eliyahu. “We’re signing many new enterprise clients operating there, and we’ve been eager for a long time to expand our overseas footprint. We’re excited to be doing exactly that now.”

All this comes on the heels of a fast-moving fall for Tonkean, with major investments into its three marquee orchestration offerings. In September, Tonkean announced the availability of Proactive AI Agents, the first truly proactive, end-to-end AI agents for enterprise procurement, finance, and legal teams. Earlier this month, Tonkean announced the hiring of Aaron Bromagen, former Head of Legal Operations at Snowflake, as its new GM of LegalWorks.

To learn more about Tonkean, Cinch, and Tonkean’s FinanceWorks orchestration solution, click here.

About Tonkean

Tonkean is the first-of-its-kind, AI-powered intake and orchestration platform that helps enterprise shared service teams like procurement, legal, IT, and HR create processes that people actually follow. Tonkean's powerful agents use AI to anticipate employees' needs and guide them through their requests. From there, Tonkean's orchestration engine supports every stakeholder in the process by automating manual steps and managing the handoffs between people and systems in alignment with your policies. With a library of preconfigured process templates, 200+ integrations with best-in-class applications, and a 100% no-code workflow editor, Tonkean is the agentic orchestration and automation platform of choice for many innovative F500 companies. With full governance controls, enterprises can guarantee compliance while maximizing adoption—all without any change management and no code. Founded in 2015, Tonkean is headquartered in Palo Alto, CA, with R&D in Tel Aviv, Israel. Follow us on LinkedIn.

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