Finexio strânge 8 milioane USD pentru a crește Payments-as-a-Service pentru platformele software globale de achiziții și conturi de plătit (AP)

ORLANDO, Fla., August 25, 2021 (Newswire.com) –
Finexio, compania AP Payments-as-a-Service cu sediul în Orlando, a anunțat astăzi o rundă de creștere de 8 milioane USD suprasubscrisă. Compania fintech va folosi această finanțare instituțională pentru a accelera creșterea în domeniile cheie ale industriei, inclusiv învățământul superior, ospitalitatea, asistența medicală și producția, va îmbina noi parteneri de distribuție a software-ului AP și pentru achiziții și va extinde echipa de conducere.

Finexio powers B2B payments infrastructure for three of the world’s top 15 largest accounts payable and procurement software platforms with an install base of 150,000 potential end-user customers, $200 billion in annual AP spend, and over 3 million suppliers. Finexio is the B2B payments platform of choice for software companies globally looking to launch a turn-key payments offering to customers efficiently and with minimal capex.

De la debutul COVID, Finexio a crescut volumul plăților B2B cu 500% și a înregistrat o creștere a veniturilor cu 161% datorită ofertei sale unice de plată cu etichetă albă oferită companiilor de top AP și software de achiziții care caută un produs de plăți pentru a-și diferenția serviciile, pentru a crea noi fluxuri de venituri. și obțineți multipli de venituri fintech de către investitori.

Ernest Rolfson, Founder and CEO of Finexio said, “Finexio is the leading choice for AP and procurement software platforms seeking to introduce a robust and highly differentiated B2B payments-as-a-service offering to their thousands of end-user customers. Finexio’s white label offering delivers virtual card adoption and revenue rates that exceed industry averages. Our unique value proposition and white glove service culture makes Finexio highly attractive to channel partners and end-user customers alike.”

Patriot Financial Partners, a Radnor, PA based financial services PE fund, led the financing after tracking the company’s impressive growth and business performance. Banc of California (NYSE: BANC) also invested in Finexio to expand its portfolio of product offerings for its business clients and help Finexio build out payment and related loan and deposit services.

Kirk Wycoff, Managing Partner of Patriot Financial Partners said, “Finexio presents a unique value proposition to businesses by modernizing and improving the efficiency of their accounts payable payment processes. COVID has accelerated the need to transform payables from manual to digital and Finexio has been successful in enabling businesses to move away from their archaic processes by leveraging Finexio’s modern B2B payment technology platform.”

Pe lângă Patriot Financial Partners și Banc of California, alți investitori din rundă includ Joe Proto, Vince Passione, Ronnie Selinger, Shai Stern, Geoff Judge, Phase 2 Partners, Advection Investors, XN Ventures, Mark Abramowitz, Anil Agarwal, Ernie Pomerantz , David Truetzel, David Fogel, EOM Investments și câțiva directori de conducere de capital privat.

As part of the transaction, Joe Proto, former Founder and CEO of Transactis (now a part of Mastercard), has become Chairman of Finexio’s Board of Directors. Proto will work with Rolfson to guide the strategic direction of the company as it scales to serve as the leading AP B2B payments platform for software companies and financial institution customers. Dolores Lare, Partner at Patriot Financial Partners has also joined the Finexio board as an observer and strategic partner.

“Businesses expect the same advantages from technology automation that consumers enjoy.  Covid has been a super catalyst for B2B digital transformation. Finexio’s growth is a testimony to the automated accounts payable strengths that we bring to our partners and customers. I am very honored to be part of the Finexio team,” said Proto.

Despre Finexio

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 sau urmați-ne pe LinkedIn.

Despre Patriot Financial Partners

Founded in 2007, Patriot Financial Partners is a private equity investment firm based in Radnor, PA focused on investments in the community banking sector with a secondary focus on financial services and financial technology firms closely related to the banking sector. Patriot’s objective is to seek superior risk-adjusted returns by applying a hands-on, value-added investment model to non-control investments.

Media Contact

Trish McLoughlin
Finexio
trish@finexio.com

Sursa: Finexio

Sursa: https://www.newswire.com/news/finexio-raises-8m-to-grow-payments-as-a-service-for-global-procurement-21481222