Consero Global, an Austin, Texas-based Finance as a Service company, received $50m in equity funding.
Boston-based BV Investment Partners made the investment in collaboration with Consero founders and management.
The company will use the funds for accelerated organic growth through expansion of its business development efforts and continued development of its technologies, as well as to facilitate a focused acquisition strategy.
Founded in 2006 by Scott Tynes, Bill Klein and Kiran Jagannath, Consero provides SIMPL, a cloud-based finance and accounting platform for mid-sized companies. For more than a decade, the company has combined innovative integrated software, including its SIMPL financial management console with traditional CFO, controller and bookkeeping services.
Consero currently serves over 250 clients.