# Finexio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/finexio

- Industry: Software
- Headquarters: Orlando, US
- Website: www.finexio.com
- Total disclosed funding: $72M
- Latest round: Series B (Oct 24, 2022)
- Investors on record: 14

## About

Finexio is a US-based company that specializes in providing embedded Accounts Payable (AP) Payments as a Service solutions, enhancing security and efficiency in B2B payment processes for businesses of varying sizes.Founded in 2015 in Orlando, US, Finexio focuses on optimizing B2B payment processes through its Accounts Payable solutions. The company has successfully secured a total of USD 35.00 mn through its funding rounds, with the latest being a Series B round completed in December 2024, where it raised USD 35.00 mn from investors including Discover Financial Services and JP Morgan Asset Management. The company has completed 9 deals to date, demonstrating a commitment to growth and innovation in the financial technology sector.Finexio offers a comprehensive suite of products designed as an embedded Accounts Payable (AP) Payments as a Service solution. This service optimizes and secures the B2B payment process and includes automated payment processing and AI-driven fraud detection. It assists businesses in automating manual tasks, reduces reliance on paper, and provides real-time tracking of payments, enhancing visibility and control for finance teams. Primarily serving mid to large-sized businesses with annual revenues exceeding USD 50 mn, Finexio has partnered with financial institutions and procurement platforms across North America, including notable clients such as J.P. Morgan and BirchStreet.Finexio operates on a subscription-based revenue model, with a standard plan starting at USD 1,200 per month, which provides unlimited users and comprehensive features. For larger enterprises with over USD 100 mn in AP spend, custom pricing plans are available. This model enables businesses to automate their payment processes efficiently, generating revenue through the monetization of AP spending.In December 2024, Finexio raised USD 5 mn in venture debt funding from new investor Horizon Technology Finance, which will be utilized to support general growth and working capital purposes. The company plans to expand its service offerings and penetrate new markets to further strengthen its position in the AP Payments industry.

## Funding rounds

- Series B, Oct 24, 2022, $35M — JP Morgan Asset Management, Discover Financial Services, Patriot Financial Partners, NBH Bank, Valley National Bank, Trog Hawley Capital, Mendon Venture Partners
- Series B, Jul 25, 2022, $14M — 1st & Main Growth Partners, NBH Bank, Post Road Group, Mendon Venture Partners, EOM Investments
- Series B, Oct 14, 2020, $23M — Alpine Meridian Ventures, Post Road Group, Medalist Partners, Florida Funders, Stormbreaker Venture Group

## Investors

- Alpine Meridian Ventures (https://capitalatlas.ai/funds/alpine-meridian-ventures) — Series B
- Post Road Group (https://capitalatlas.ai/funds/post-road-group) — Series B
- Medalist Partners (https://capitalatlas.ai/funds/medalist-partners) — Series B
- Florida Funders (https://capitalatlas.ai/funds/florida-funders) — Series B
- Stormbreaker Venture Group (https://capitalatlas.ai/funds/stormbreaker-venture-group) — Series B
- 1st & Main Growth Partners (https://capitalatlas.ai/funds/1st-main-growth-partners) — Series B
- NBH Bank — Series B
- Mendon Venture Partners (https://capitalatlas.ai/funds/mendon-venture-partners) — Series B
- EOM Investments — Series B
- JP Morgan Asset Management (https://capitalatlas.ai/funds/jp-morgan-asset-management) — Series B
- Discover Financial Services — Series B
- Patriot Financial Partners (https://capitalatlas.ai/funds/patriot-financial-partners) — Series B
- Valley National Bank — Series B
- Trog Hawley Capital — Series B