Finexio Completes $10M Over-Subscribed Funding Round To Grow 'Payments-As-A-Service' For Financial Institutions And Procurement Software Platforms

Jan 05, 2022•over 3 years ago

Amount Raised

$10 Million

Orlando

Description

Finexio, the fast-growing Accounts Payable (AP) Payments-as-a-Service company, today announced the completion of its double over-subscribed $10 million funding in partnership with new investor Mendon Venture Partners that provided incremental growth capital to meet demand for digital AP business-to-business (B2B) payments services.

Company Information

Company

Finexio

Location

Orlando, Florida, United States

About

Finexio, the leading AP Payments-as-a-Service company, focuses on providing end-to-end AP payment capabilities within Procurement and AP Software Platforms. This combination represents a powerful disruption to traditional, manual-based AP processes. Finexio's modern, efficient service model, minimal process charges, and total payment solutions translate to high margin revenue streams and a strong competitive position. Learn more about Finexio at www.finexio.com or follow us on LinkedIn.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Finexio Completes $10M Over-Subscribed Funding Round To Grow 'Payments-As-A-Service' For Financial Institutions And Procurement Software Platforms

Description

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Funding Insights

Company Information