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Miami based provider of integrated receivables solutions raised $9m Series D led by Napier Park Financial Partners. The proceeds will be used to support the growth DadePay, to help corporations and financial institutions aggregate, analyze and reconcile remittances for any payment type, from any payment channel.
“Accounts receivable and invoice-to-cash processes are ripe for innovation,” said Ned May, Partner at Napier Park Financial Partners. “We are impressed with the quality of the solution that DadeSystems has built, the feedback we have heard from their long-standing, blue-chip clients and partners, and the recognition they’ve received from reputable research firms, Celent and Aite. DadeSystems is at an inflection point, and we are excited to be working with the team to continue to invest in product and technology, grow their team and capitalize on the opportunities in the very large integrated receivables market.”
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