What is Finexio?
Finexio operates as a specialized fintech entity providing comprehensive Accounts Payable (AP) Payments-as-a-Service. By integrating directly into existing AP and procurement software platforms, the company streamlines complex payment workflows, reducing manual intervention and enhancing financial transparency for enterprise clients. Based in Orlando, Florida, Finexio occupies a critical niche in the B2B payments ecosystem, effectively bridging the gap between legacy financial systems and modern digital procurement requirements. Its market position is defined by its ability to offer seamless, automated payment execution that drives efficiency and cost savings for large-scale organizations.
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 LOEB ENTERPRISES and Florida Funders
Debt (2020): $150K supported by PPP
Unspecified (2020): $23M featuring Medalist Partners , LP
Unspecified (2022): $10M backed by Banc of California, Mendon Venture Partners, Patriot Financial Partners, Vince Passione, Joe Proto, and Ronnie Selinger
Series B (2022): $14M with participation from The Banc Funds, EOM Investments, Post Road Partners, Mendon Venture Partners, Discover, and National Bank Holdings
Series B (2022): $35M led by Patriot Financial Partners, Discover Financial Services, and National Bank Holdings
Key Investors in Finexio
Patriot Financial Partners
A private equity firm focused on community banks and specialty finance companies, providing growth capital and operational expertise to financial services businesses.
Discover Financial Services
A major direct banking and payment services company that provides credit, lending, and deposit products to a broad consumer and commercial base.
Florida Funders
A leading venture firm in the Southeast that unifies venture capital with an investor network to support B2B SaaS and fintech visionaries.
What's next for Finexio?
With the recent influx of capital, Finexio is well-positioned to accelerate its product roadmap and expand its market reach. The strategic focus will likely center on deepening integrations with major ERP and procurement platforms, thereby increasing the stickiness of its service offering. Furthermore, the company is expected to leverage its strong relationships with financial institutions to enhance its payment processing capabilities and explore new revenue streams within the B2B fintech vertical. As the demand for automated financial operations continues to rise, Finexio's focus on scalable, secure, and efficient payment solutions will be pivotal in maintaining its competitive advantage and driving long-term value for its stakeholders.
See full Finexio company page
