The Bank Slate


National Bank in Denver invests in B2B payments firm

Finexio, an Orlando, Fla., B2B payments company, has raised $14 million from a group of investors that includes National Bank Holdings, Discover Financial Services and Mendon Venture Partners. 

Finexio said in a press release that the goal is to raise $30 million in this funding round. The other investors include Post Road Partners, The Banc Funds and EOM Investments. 

The funds will help Finexio promote its Payments-as-a-Service platform. 

“CFOs at medium and large-sized corporations are looking to do more with less, eliminate manual processes to save time, and increase visibility and control of their cashflow,” Finexio CEO Ernest Rolfson said in the release. 

“These executives rely on critical infrastructure AP2P software to run their business and make critical decisions,” Rolfson added. “Embedding Finexio’s B2B payments capabilities directly into the software and workflows … makes digital payment adoption the simplest it has ever been.” 

Tim Laney, National Bank’s chairman, president and CEO, and Andrew Marquardt, a managing partner at Mendon Venture Partners, will join Finexio’s board. 

“We are pleased to invest as well as partner with Finexio to bring a powerful payments solution to our business clients in the vast middle market,” Laney said in the release. 

“The ease of use together with the opportunity to reduce cost and drive efficiencies are truly impactful to business owners and operators,” Laney added.

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