Finexio bags growth funding to support growth across verticals
Summary
Funds from the round will help the FinTech company bolster its position in the higher education, hospitality, healthcare and manufacturing markets, as well as work with new distribution partners. Alongside this, Finexio will hire more staff for its leadership team, release new products and deepen its loan and deposit services. The investment was led by private equity firm Patriot Financial Partners, with support also coming from Banc of California. Other contributions came from angel investors, including Joe Proto, Vince Passione, Ronnie Selinger, Shai Stern and Geoff Judge, among others. The company claims its B2B payments infrastructure supports three of the world’s largest accounts payable and procurement software platforms.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Financial Technology
Payments Software
SaaS
Linked Companies
Finexio
$1M to $5M