Orlando based accounts payable payments-as-a-service startup raised $10m in growth funding led by Mendon Venture Partners.
Ernest Rolfson, Founder and CEO of Finexio said, "Our 'Payments as a Service' platform allows banks to facilitate rich, personalized buyers and supplier interactions, more meaningful virtual card spend take rates, and more payment methods like international and supply chain finance than anything else out there. Finexio's easily integrated payments solution and unique service culture make us highly attractive to financial institutions desiring deep differentiation to compete, win, and retain corporate treasury customers that generate fee income and enable more loan and deposit generation. We're excited to continue supporting banks in their efforts to provide the best modern treasury experience possible for their customers."