Nvoicepay

b2b fintech

STATUS: Acquired/Merged
FOUNDING YEAR: 2009
LOCATION: United States
Last Update: 10/07/2020

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About

Nvoicepay offers accounts payable automation software for domestic and international B2B payments. It optimizes bill payments faster and electronically.

Focus

PRODUCTS & SERVICES

Nvoicepay's provides cloud based automation software solutions. Nvoicepay's software products simplify the payment support to both of the AP team and suppliers through their electronic payment solution. It reduces the AP cost, and provide simple and secure cloud-based workflow that works with every accounting systems and financial institutions.

REVENUE MODEL

NVoicePay provides business payment automation support that enables customer to hadle their business payments elctronically. The company does not disclose their revenue or model, but has reported to have seen quadrupled growth in sales in 2013 and 2014. They could generate recurring revenues from the transactions handled through its platform and also one time fees for specific consulting/infrastructure set up for them.

MAIN CLIENTS

Qvale Group

Washington Federal Bank

Arkansas Federal Credit Union

Downington Area School District

Stadium International

Batteries Plus Bulbs

Miraca Life Sciences

VCC

BMW

Nova Financial Group Inc.

Subaru

etc.

EXISTING PARTNERSHIPS

MasterCard

CDK Global

Silicon Valley Bank

NetSuite

Corcentirc

Yooz

Coupa

Scan One

Epiq Systems

COMMENT

Streamlines the invoice payments through their cloud based epayment solution

Traction

VALUATION / MARKET CAP:

$133 M in 2016

People

FOUNDERS

Karla Friede

Shaun H. McAravey

Tana Law

BOARD MEMBERS AND ADVISORS

Carol Coye Benson

Doug Fieldhouse

Edith Dorsen

Karla Friede

Garen K. Staglin

E. Miles Kilburn

David Chen

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Mosaik Partners

Napier Park Global Capital

Silicon Valley Bank

The Women’s Venture Capital Fund

WomensVCFund

Momentum

FUNDED

YES

TOTAL FUNDING

$20.62 M

DATE OF LAST FUNDING

Oct 2016

FUNDING SERIES

SERIES C  · $1 M  · Nov 2013

SERIES D  · $1.25 M  · Jun 2014

SERIES E  · $6 M  · Jan 2015

SERIES F  · $10 M  · Oct 2016

OTHERS  · $2.37 M · Dec 2012

DEBT FUNDING

$1.84 M

LISTED

NO

EXIT STRATEGY

Series F: $10 M on October, 2016

COMMENT

Debt financing: $1.84 M(Aug 2015), Series D: $1.25 M(Jun 2014), Series E: $6 M(Jan 2015), Series E: $10 M(Oct 2016), Venture funding: $3 M(Nov 2013).

BASICS

STATUS:

Acquired/Merged

FOUNDING YEAR:

2009

LOCATION:

United States

Views:

202 VISITORS | 445 VIEWS
LATEST FUNDING ROUND

$20.6 M

TOTAL EMPLOYEES
51-200

About

Nvoicepay offers accounts payable automation software for domestic and international B2B payments. It optimizes bill payments faster and electronically.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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