Nvoicepay, a Portland, OR-based provider of payment automation software for enterprises, received a $10m growth equity investment.
Napier Park Financial Partners, Napier Park Global Capital’s private equity group, made the investment. In conjunction with it, Steve Piaker, Managing Director and Co-Head of Napier Park Financial Partners, will be joining Nvoicepay’s board of directors.
The company intends to use the funds to continue driving innovation and expand operations.
Founded in 2009 by Karla Friede, CEO, Nvoicepay provides a cloud-based payment automation solution that allows enterprises to recapture resources. The workflow works with every accounting system and all banking partners.
The company serves thousands of corporate customers.