Finexio

Finexio is a B2B startup founded in 2015, based in the United States, specializing in simplifying accounts payable payments for medium and large corporates. Their slogan "Finexio eliminates costly, manual processes from AP Payments" encapsulates their mission to digitize manual paper checks and streamline AP processes. In their latest funding round, Finexio secured a substantial $35.00M Series B investment on 25 July 2022, with participation from notable investors including Mendon Venture Partners, Patriot Financial Partners, Trog Hawley Capital, Valley National Bank, Post Road Partners, The Banc Funds, NBH bank, JP Morgan, EOM Investments, and Discover. Finexio's innovative approach lies in their comprehensive Accounts Payable "Payments as a Service" solution, which harnesses proprietary analytics and robotic process automation to drive maximum conversion rates of suppliers to electronic payments. Their intelligent business-to-business payment network identifies, delivers, and supports ten forms of payment, aiming to generate revenue and cost savings for Accounts Payable departments. Moreover, the platform offers complete transparency and control of the payment process, providing a valuable solution to modern AP challenges within the corporate landscape. To learn more, interested parties can visit Finexio's website.