WorkFusion, a New York City-based enterprise smart process automation company, raised $14M in Series C financing.The round was led by Nokia Growth Partners (NGP) with participation from existing investors Mohr Davidow Ventures (MDV), Greycroft Partners, iNovia Capital and RTP Ventures.
The company intends to use the funds to expand its business development efforts. As part of the funding, Paul Asel Managing Partner with NGP, will join the board of directors.
Led by Max Yankelevich, CEO and co-founder, WorkFusion provides a solution for global enterprises to automate the high-volume, labor-intensive processes historically performed by business process outsourcing (BPOs). Financial industry customers use the platform for building and remediating reference data, customer onboarding, claims processing, and regulatory compliance. It is also used by services and commerce businesses, as well as by large business process outsourcing providers.
The company also has offices in London and Eastern Europe.