Finexio, an Orlando, Fla., fintech, has raised $35 million in Series B funding round that included several banks among the investors.
Finexio, a B2B accounts payables Payments-as-a-Service company, said in a press release that J.P. Morgan was the biggest investor. Patriot Financial Partners, Discover Financial Services, Valley National Bancorp and Trogg Hawley Capital also participated.
National Bank Holdings and Mendon Venture Partners co-led the fundraising round.
“We are thrilled to announce an oversubscribed round by leading fintech venture capital investors and leading innovative financial institutions, particularly in a volatile market environment,” Ernest Rolfson, Finexio’s founder and CEO, said in the release.
“Finexio’s high-quality software embedded payments service will continue to grow triple digits in the coming years,” Rolfson added.