Finexio

Finexio

Intelligent electronic payment network that identifies, delivers, and supports 100% of supplier payments, eliminating time-consuming and repetitive tasks for finance teams with high-touch, ongoing service, and support. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€91m (Public information from Oct 2022)
Orlando Florida (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD20192020202120222023
Revenues1.3m3.3m7.1m9.4m15.8m
% growth-158 %116 %32 %68 %
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Recent News about Finexio

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Finexio operates in the financial technology sector, focusing on optimizing and monetizing accounts payable (AP) payments for businesses. The company serves a diverse range of clients, including private equity firms, suppliers, and buyers, by integrating its platform with existing business software to streamline payment processes. Finexio's business model revolves around analyzing AP payment histories to identify working capital savings and the best methods of payment, thereby improving cashflow and reducing administrative tasks. The platform offers ten different domestic and international payment methods, providing flexibility and efficiency in managing payments. Finexio generates revenue by offering its services to over 50,000 companies, helping them save money and time while turning AP into a profit center. The company also provides early payment programs, allowing suppliers to receive payments immediately after invoice approval at no cost. This unique approach not only extends Days Payable Outstanding (DPO) but also improves supplier health and generates cash back on spending.

Keywords: AP optimization, cashflow enhancement, payment methods, working capital savings, administrative efficiency, supplier health, early payment program, profit center, fintech, business software integration.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.