Finexio, Billtrust partner to expand supplier network
Finexio, a fintech offering accounts payable payments-as-a-service solution, is teaming up with Billtrust Business Payments Network, a B2B order-to-cash solution, to provide faster and more accurate digital payments and reconciliation services to suppliers by reducing friction in B2B payments and increasing transparency.
"The expansion of our supplier network through this partnership with Billtrust enables us to better serve our customers as we continue to scale," Ernest Rolfson, founder and CEO of Finexio, said in a press release. "We're excited about Billtrust's ability to reduce our efforts in making payments to their network of large and complex suppliers as part of our ongoing commitment to provide a complete suite of B2B payment services to our customers."
Finexio is growing fast, thanks in part to the coronavirus pandemic, and has accelerated revenue by 159% compared to a year ago.
"As Finexio experiences impressive growth, its collaboration with BPN can further increase its electronic spend and continue to bridge the overall B2B payments gap," Nick Babinsky, vice president and general manager of BPN, said in the release. "Every supplier has their own preferred payment method, and this partnership allows for more seamless transactions and fewer delays."