What is Finexio?
Finexio operates as a comprehensive Payments-as-a-Service provider, specializing in streamlining accounts payable (AP) processes. The Orlando, Florida-based company offers integrated AP payment solutions designed to embed seamlessly into existing AP and Procurement Software Platforms. By providing end-to-end payment capabilities, Finexio aims to automate and optimize the complex workflows associated with business payments, thereby reducing costs and improving efficiency for its clients.
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 Joe Proto, Banc of California, Mendon Venture Partners, Patriot Financial Partners, Vince Passione, and Ronnie Selinger
Series B (2022): $14M with participation from National Bank Holdings, The Banc Funds, Mendon Venture Partners, Discover, Post Road Partners, and EOM Investments
Series B (2022): $35M led by Discover Financial Services, Patriot Financial Partners, and National Bank Holdings
Key Investors in Finexio
Discover
Discover Financial Services is a prominent direct banking and payment services company in the United States, offering a wide array of consumer lending and deposit products, alongside operating the Discover Network.
National Bank Holdings
National Bank Holdings Corporation is a bank holding company providing community banking services, including commercial and consumer banking, lending, and wealth services across various U.S. regions.
Patriot Financial Partners
Patriot Financial Partners is a private equity firm focused on investing in community banks, thrifts, and financial services companies, providing growth capital and strategic support to enhance profitability.
What's next for Finexio?
With substantial backing from strategic investors, Finexio is poised for accelerated growth and innovation. The recent influx of capital, particularly the major strategic investment, signals strong confidence in the company's business model and its potential to disrupt the AP payments landscape. This funding will likely fuel further development of its technology, expansion into new markets, and enhancement of its service offerings. Finexio's strategic focus on integrating payment solutions directly into software platforms positions it for continued success in the evolving fintech industry.
See full Finexio company page
