Accounts payable management – yawn. $200m raised recently by two of the leading companies – hello! Paying suppliers, especially in the US, is a major pain point for many corporates. Add in a cross-border element and it gets worse.
“In addition, People’s United Treasury Management recently partnered with FIS and MineralTree to bring to market two AP Automation solutions to deliver simple, secure digital capabilities for Commercial Banking clients.”
MineralTree, an Accounts Payable (AP) and payments automation solution provider, today announced that it has closed a $50 million Series D investment round with participation from existing investors Great Hill Partners, .406 Ventures, and Eight Roads Ventures.
Boston based accounts payable and payments automation solution provider raised $50m in Series D funding from existing investors Great Hill Partners, .406 Ventures, and Eight Roads Ventures.
MineralTree, an Accounts Payable (AP) and payments automation solution provider, announced that it has closed a $50 million Series D investment round with participation from existing investors Great Hill Partners, .406 Ventures, and Eight Roads Ventures. In addition, MineralTree has acquired two companies in the AP automation and B2B payables space, Inspyrus and Regal Software, to further expand its market position in providing AP and payment automation to middle market companies.
