Nvoicepay raises $10M

What does Nvoicepay do?

Nvoicepay, is a provider of enterprise payment automation software. The company delivers strategic payment solutions for automating accounts payable. They enable customers in paying 100% of their invoices electronically, while realizing the benefits of optimizing payments. By paying the right suppliers with the right payment type at the right time, their cloud based technology and vendor payment services help customers in reducing costs, improving efficiency and maximizing card rebates all with only little effort. This platform is transforming accounts payable departments from cost centers to strategic partners. Their solution helps every supplier irrespective of their location, size or technology to be paid securely electronically. All the suppliers can be paid through this company via the same automated process, which reduces costs and increases efficiency.

How much Nvoicepay was funded?

The company raised $10M in Series F on October 20, 2016 from Napier Park Global Capital

Previous funding

$540.03k in undisclosed round on April 12, 2010

$2.37M in undisclosed round on December 20, 2012

$100k in undisclosed round on July 18, 2013

Undisclosed amount in undisclosed round on November 20, 2013 from Women’s Venture Capital Fund

$1.25M in Series D on June 5, 2014

$6M in Series E on January 28, 2015 from Mosaik Partners and Silicon Valley Bank

$1.84M on August 17, 2015

What is next for Nvoicepay?

Nvoicepay plans on using the latest funding raised for validating its success to date and position the company well for continuing driving innovation in accounts payable automation. The company has announced that Steve Plaker, MD and Co-Head of Napier Park Financial Partners, will be joining its Board of Directors.

More about Nvoicepay

Nvoicepay was founded in 2009 by Tana Law,  Karla Friede and Shaun H. McAravey. It has its headquarters in Beaverton, Oregon.  Their automation solution is transforming the huge and expensive effort which goes into paying suppliers into a simple automated process.