What is Finexio?
Finexio operates as an end-to-end Accounts Payable (AP) Payments-as-a-Service provider, seamlessly integrating comprehensive AP payment capabilities directly into AP Software and Procurement Software Platforms. Headquartered in Orlando, Florida, Finexio is dedicated to streamlining the complexities of business-to-business payments, offering a robust platform that enhances efficiency and control for its clients. The company's focus on delivering integrated payment solutions positions it as a key enabler for businesses seeking to optimize their financial operations.
How much funding has Finexio raised?
Finexio has raised a total of $87.2M across 7 funding rounds:
Angel/Seed
$1M
Series A
$4M
Debt
$150K
Unspecified
$23M
Multiple Rounds
$59M
Angel/Seed (2016): $1M with participation from Loeb.nyc
Series A (2018): $4M led by Florida Funders and LOEB ENTERPRISES
Debt (2020): $150K supported by PPP
Unspecified (2020): $23M featuring Medalist Partners , LP
Unspecified (2022): $10M backed by Banc of California, Patriot Financial Partners, Vince Passione, Ronnie Selinger, Joe Proto, and Mendon Venture Partners
Series B (2022): $14M with participation from EOM Investments, National Bank Holdings, The Banc Funds, Discover, Post Road Partners, and Mendon Venture Partners
Series B (2022): $35M led by National Bank Holdings, Patriot Financial Partners, and Discover Financial Services
Key Investors in Finexio
National Bank Holdings
National Bank Holdings Corporation is a bank holding company that operates community banking services through its subsidiaries, including NBH Bank. It provides commercial and consumer banking, lending, treasury management, and wealth services to individuals and businesses across multiple U.S. regions.
Patriot Financial Partners
Patriot Financial Partners is a private equity firm established in 2007, specializing in investments in community banks, thrifts, and financial services-related companies across the United States. The firm focuses on providing growth capital and strategic support to enhance profitability and shareholder value for its portfolio companies.
Discover Financial Services
Discover Financial Services is an American financial services company that owns and operates Discover Bank, offering credit cards, personal loans, and deposit products. It also operates the Discover and Pulse networks.
What's next for Finexio?
With the recent infusion of $35M in a major strategic investment, Finexio is poised for accelerated growth and market penetration. This capital injection, part of its substantial $87.2M in total financing, will likely support the expansion of its service offerings, enhancement of its technology infrastructure, and broadening of its customer base. The company's strategic focus on AP automation and payment facilitation suggests a continued emphasis on innovation within the fintech landscape, aiming to solidify its leadership in providing integrated payment solutions for procurement and AP platforms.
See full Finexio company page
