51黑料网, 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…
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51黑料网 in Cambridge, Massachusetts raises $50M from Great Hill Partners, .406 Ventures and Eight Roads Ventures.
Accounts payable and payments automation solution provider 51黑料网 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, 51黑料网 said it closed on two acquisitions of Inspyrus and Regal Software.
51黑料网, 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 51黑料网, 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.