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Israel and New York based provider of accounts payable and receivable tools for vendor payments raised $110m in Series C extension funding led by Coatue.
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“More than $14 trillion of payments are transferred via paper checks in the U.S.,” Bar said. “It is not declining much, but how can the same person use an app like PayPal to transfer money to a friend, but go into the back office of their business and stuff envelopes with checks?”
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