Logistics, a $76 trillion industry still reliant on antiquated technology, has attracted a fleet of modernizing startups. Enable stands out by focusing on an arcane but valuable niche: the B2B rebates that accompany contracts between retailers, distributors, and manufacturers. (Rebates are an essential tool for manufacturers to incentivize buyer loyalty; in some cases, they are a manufacturer’s largest expense.) Enable’s software replaces the Excel files that govern rebate accounting, as well as other pricing agreements and claims management.
New claims management features introduced in 2023 help customers identify errors and avoid double-billing. To date, Enable has processed more than $1 trillion in transactions. Revenue more than doubled in 2023, according to Reuters, and in November 2023, Enable raised $120 million in Series D funding at a $1 billion valuation.
Explore the full 2024 list of Fast Company’s Most Innovative Companies, 606 organizations that are reshaping industries and culture. We’ve selected the firms making the biggest impact across 58 categories, including advertising, artificial intelligence, design, sustainability, and more.
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