DadeSystems, a Miami, Florida-based fintech company that provides integrated receivables solutions, raised $9m in Series D growth funding.
The round was led by Napier Park Financial Partners, with participation from returning investors Fifth Third Capital Holdings and Ocean Azul Partners. As part of the transaction, Ned May and Daniel Kittredge, both of Napier Park Financial Partners, will join DadeSystems’ Board of Directors.
The company intends to use the funds to grow its solutions.
Led by Bill Zayas, President and CEO, DadeSystems provides a suite of solutions – collectively referred to as DadePay – for medium-to-large corporations and financial institutions to aggregate, analyze and reconcile remittances for any payment type, from any payment channel.
To extend its reach, the company has partnered with market leaders such as Fiserv, Deluxe, Fifth Third Bank and Transactis, to deliver its integrated receivables solution to their customers.
The company supports B2B and C2B payments in multiple industries including distribution, food and beverage, manufacturing, financial, transportation, wholesale, property management, healthcare, retail, travel and agriculture.