"This funding round represents a critical milestone for Finexio, enabling us to leverage our innovative payments platform to reach more customers just as CFOs are seeking cost reductions and greater automation in the face of margin compression and cash flow challenges due in part to COVID," said Ernest Rolfson, CEO of Finexio. "Our business is at an inflection point with more businesses looking to us to optimize their AP spend and processes. There couldn't be a better time for Finexio to capitalize on its ability to drive efficiencies and generate new cashflow and revenue for its clients."

https://www.prnewswire.com/news-releases/finexio-raises-23-million-following-three-years-of-triple-digit-revenue-growth-as-unique-ap-payments-as-a-service-platform-301152099.html