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Accounts payable and payments automation solution provider MineralTree announced a $50 million Series D investment round with participation from existing investors Great Hill Partners, .406 Ventures and Eight Roads Ventures. In addition to the investment, MineralTree said it closed on two acquisitions of Inspyrus and Regal Software.

MineralTree, an accounts payable (AP) and payment automation solution provider, announced the closing of a $50 million investment funded by Great Hill Partners, .406 Ventures and Eight Roads Ventures.

The firm, which automates payments and accounts payable transactions, saw sales jump by 80% year-over-year in the second quarter, according to CEO Micah Remley.

In this release, we are informed of an additional $50 million in funding for MineralTree, the Cambridge, MA-based payments automation fintech. The company apparently used some of this funding to acquire a couple of other fintech startups, one in a competing role and another in an adjacent space.

Payments automation solution provider Mineral Tree has raised $50 million in a Series D funding round.

Payments automation company MineralTree announced Thursday it closed on a $50 million Series D round led by existing investors.