Finexio, an Orlando, FL-based B2B accounts payables (AP) Payments-as-a-Service company, held the first $14m close of its $30m Series B funding round at a $100 million pre-money valuation.
The round was co-led by Mendon Venture Partners and National Bank Holdings Corporation (NYSE: NBHC). Discover Financial Services (NYSE: DFS), Post Road Partners, The Banc Funds, EOM Investments, and other new and existing investors also participated in this growth funding.
This funding will enable the company to accelerate the accounts payable and procurement software industry adoption of its “B2B Payments-as-a-Service platform”, grow its team, and accelerate product development.
Led by Ernest Rolfson, Founder and CEO, Finexio embeds B2B “Payments-as-a-Service” capabilities directly into a large AP and Procure to Pay Software (AP2P) suites. The infrastructure and APIs provide predictive payment and cashflow analytics capabilities, supplier identity and fraud prevention technology, and exception processing automation. These proprietary features allow corporate end-users of the software to identify, deliver, and support their business payments digitally.
FinSMEs
02/08/2022