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Horizon Technology Finance Provides $10 Million Venture Loan Facility to Finexio

Dec 17, 2024•over 1 year ago

Contract Type

partnership

OrlandoOtherInformation TechnologyFinancial ServicesSoftwarePayments

Description

Horizon Technology Finance Corporation has provided a $10 million venture loan facility to Finexio, a leader in the B2B payments industry, which delivers fully-managed AP payments solutions and harnesses AI to optimize and secure the payment lifecycle. Finexio plans to use the loan proceeds for general growth and working capital purposes.

Company Information

Company

Finexio

Location

Orlando, Florida, United States

About

Finexio, a leading AP Payments as a Service company, focuses on providing end-to-end AP payment capabilities embedded within Accounts Payable and Procure to Pay (AP2P) Software Platforms. The embedded nature of Finexio's solution represents a powerful disruption to traditional, manual-based AP processes. Finexio's modern, efficient service model, minimal process charges, and breadth of payment solutions translate to high-margin revenue streams and a strong competitive position for AP2P partners seeking to provide payment offerings to their end users. Learn more about Finexio at www.finexio.com or follow us on LinkedIn.

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