Finexio, an Orlando, FL-based B2B accounts payables (AP) Payments-as-a-Service company, raised $35M in Series B funding at a $100m pre-money valuation.
The round was led by Mendon Venture Partners and National Bank Holdings Corporation (NYSE: NBHC) with participation from Patriot Financial Partners, Discover Financial Services (NYSE: DFS), Valley Bank (NASDAQ:VLY), and Trogg Hawley Capital LLC.
J.P. Morgan was the largest investor in the growth round.
The company intends to use the funds to expand operations and its business reach.
Led by Founder and CEO Ernest Rolfson, Finexio is a AP Payments as a Service company that focuses on providing end-to-end AP payment capabilities embedded within Accounts Payable and Procure to Pay (AP2P) Software Platforms.
