HighRadius Corp., a fintech that automates accounts receivable and treasury management businesses, has opened a new office in Frankfurt, Germany, continuing its international expansion.

The Houston-based company originally expanded into Europe in 2017 when it opened a London office and opened an Amsterdam location in 2019. HighRadius officials said the firm has grown bookings in the region by more than 250%, added 25 new customers and quadrupled the number of employees in the region over the past 12 months.

"Frankfurt's position in central Germany makes other parts of the country readily accessible, and its status as the financial center of the country opens up a gateway to a deep pool of talent and relevant partnerships," Jon Keating, vice president and general manager, EMEA at High Radius, said in a company release.

The Frankfurt location follows a new $125 million funding round announced in January.

The company sees Germany, Switzerland and Austria as major market opportunities. The company plans to staff the Frankfurt office with pre-sales, sales, marketing and consulting teams.