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Finexio Completes $10M Over-Subscribed Funding Round to Grow ‘Payments-as-a-Service’ for Financial Institutions and Procurement Software Platforms

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Press Release

Jan 5, 2022 12:30 EST

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.  

Finexio is winning business from top financial institutions eager to provide modern, cloud-based B2B payments technology to meet customer demand for digital payments and lending as embedded finance becomes increasingly in demand.  This expansion in serving financial institutions complements how Finexio is already deploying at scale white label payment solutions in many of the leading global procurement and accounts payable software platforms across multiple…

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