Nvoicepay, a Portland, Ore.-based provider of strategic payment solutions, raised $6m in funding.
The round was led by Mosaik Partners with participation from Silicon Valley Bank and existing investors.
The company intends to use the funds to focus on channel expansion.
Led by Karla Friede, CEO, Nvoicepay delivers cloud based products and vendor payment services payments to automate accounts payable, enabling customers to pay their invoices electronically.
The company currently serves thousands of customers paying hundreds of thousands of suppliers across multiple industries.