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Scrypt AI Continues Rapid Expansion

Scrypt AI Continues Rapid Expansion: FinTech and Payments Industry Veterans to Lead Product and Business Development

Scrypt AI pursues comprehensive, end-to-end AI-powered integrated payables and receivables solution


Scrypt AI announced today that it has expanded its leadership team as it continues to scale its machine learning and artificial intelligence-driven Integrated Payables and Receivables platform and define the Treasury Management-as-a-Service space.

Payments industry veteran Ted Tekippe has joined the leadership team as Head of Payment Strategy and Operations. With more than two decades of experience in financial services and 13 years focused on payments and fintech, Mr. Tekippe will lead the extension of Scrypt’s powerful, AI-driven platform for Accounts Payable (AP) and Accounts Receivable (AR) automation into seamless, integrated B2B payments. These capabilities will help Scrypt’s corporate clients accelerate AR collections, optimize the cost of AP fulfillment, and transform what has historically been a cost center into an additional source of revenue.

“I’m very excited to help Scrypt transform the world of B2B payments,” says Tekippe. “The vast majority of payments between businesses in the U.S. are completed with decades-old technology and are slow, costly, and inefficient. By leveraging Scrypt’s incredible AI technologies, ERP integrations, and modern payments stack, we can add tremendous value to enterprise, mid-market, and SMB clients alike.”

Scrypt has also recruited fintech startup business development and product leader Mark Schinkel to push forward on Scrypt’s product and market scale-out in the financial automation space.

Mr. Schinkel, who has joined as SVP, Strategy and Business Development, will leverage his experience directing early-stage technology product launches and taking innovative products to market to position Scrypt as the leading Integrated Payables and Receivables platform and build strategic partnerships.

“The next major shift in analytics and finance is coming from the use of machine learning and AI to intelligently augment back-office operations and reduce the reliance on manual, tedious processes,” says Schinkel. “Scrypt’s innovative platform is defining the financial automation space and I am excited to be part of this extraordinary team and help define the future of Treasury Management-as-a-Service.”

About Scrypt AI
Scrypt AI is defining Treasury Management-as-a-Service with an industry-leading Integrated Payables and Receivables platform that leverages machine learning and artificial intelligence to deliver fast, zero-touch invoice coding, digital payments, and account reconciliation. Scrypt AI is dedicated to removing friction from document management and financial accounting tasks and seamlessly integrates with deposit and payment imaging solutions as well as third-party ERPs and eSign products.

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