Stigg Acquires Received.ai to Bring Contract Management and Invoicing Into Its Runtime AI Usage Platform

Stigg has acquired Received.ai, a billing-infrastructure startup built for usage-based invoicing and contract management. The acquisition brings contract-to-invoice automation directly into Stigg's runtime layer - the layer that decides what every customer, user, team, and AI agent is allowed to do at the moment they try to do it. Customers now get one platform to model pricing, enforce it in real time, and turn metered usage into accurate invoices.

Where the handoff breaks

As AI and enterprise SaaS companies move from per-seat pricing to credits and consumption, the gap between what a customer is entitled to use and what they actually get billed for is where teams lose time and money. Usage and entitlements live in one system, contracts in another, and invoices in a third. The result: manual overrides, billing errors, and go-to-market motions that stall while finance and engineering stitch the pieces together. Sales-led deals make it worse - custom terms, mid-cycle amendments, and consolidated invoicing rarely survive the jump from a signed contract to a working setup.

What the acquisition adds

Received.ai was built for exactly this gap. Its technology lets Stigg turn a signed contract into live entitlements and invoices without custom engineering. New capabilities now in public beta include:

• Contract management that automatically provisions entitlements when a deal closes - what sales signs is what the platform enforces.
• Flexible invoicing with smart billing schedules, prorations, and credit logic that follow actual contract dates.
• Formula-based pricing using spreadsheet-grade math computed at invoice time, so teams can model any pricing structure without hardcoding rates.
• Consolidated invoicing that produces a single, clean invoice per customer across multiple products and usage metrics.
  

These capabilities are additive and work alongside Stripe, NetSuite, Airwallex, Checkout.com, and any other invoicing solution - homegrown or third-party - covering the contract management, entitlement provisioning, and sales-led amendments those systems don't handle out of the box. For AI startups that haven't brought in payment rails yet, Stigg is now the complete solution from entitlements to invoice, with no additional vendor required. Existing product-led checkout flows are unchanged.

Received.ai founder & CTO Shai Betito has joined Stigg as VP of Engineering to lead the integration, together with the founding team. The technology is fully integrated into the Stigg platform as of today.

Availability

Contract management and invoicing capabilities are now in public beta, following strong demand from a long waitlist of existing and new customers during the private beta. Broader general availability will roll out through 2026.

Get started: install Stigg with AI, talk to a human, or read the documentation.