Finexio Raises $30 Million in Series B  

by Kay Aloha Villamor in August 3rd, 2022

Finexio, an Orlando, Florida-based fast-growing B2B accounts payables (AP) Payments-as-a-Service company, announced the first closed of its $30 million Series B funding 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 round.

This Series B funding will enable the embedded B2B payments infrastructure 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.

Company: Finexio Inc.

Raised: $30.0M

Round: Series B

Funding Month: July 2022

Lead Investors: Mendon Venture Partners and National Bank Holdings Corporation (NYSE: NBHC)

Additional Investors: Discover Financial Services (NYSE: DFS), Post Road Partners, The Banc Funds, and EOM Investments

Company Website:

Software Category: AP Payments as a Service

About the Company: Finexio, the leading AP Payments as a Service company, focuses on providing end-to-end AP payment capabilities embedded within Accounts Payable and Procure to Pay (AP2P) Software Platforms. The embedded nature of Finexio's solution represents a powerful disruption to traditional, manual-based AP processes. Finexio's modern, efficient service model, minimal process charges, and breadth of payment solutions translate to high-margin revenue streams and a strong competitive position for AP2P partners seeking to provide payment offerings to their end users. 



Your cart

We value your privacy

We use cookies to customize your browsing experience, serve personalized ads or content, and analyze traffic to our site.