Biller Genie, a Miami fintech that provides AR automation and has a B2B payments platform, will open an office in Orlando after raising $5 million in Series A funding.
The fintech said that the round was led by Henry Helgeson, who will join its board. Biller Genie plans to use the funding to continue expanding its products and distribution channels, automate onboarding and develop new tools that include APIs.
Biller Genie has a subscription base of 1,500 small and midsize businesses. Its platform manages more than $3 billion of annual invoice volume.
Following a collaboration with PNC Merchant Services, Biller Genie is integrating to payment gateway provider Tempus Technologies, which PNC Financial acquired in January 2021.
“This round is incredible validation that we are solving real problems for our partners and subscribers,” Garima Shah, Biller Genie’s president, said in a LinkedIn post.