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HighRadius secures USD 50 mln to boost receivables solution globally

Monday 18 September 2017 09:22 CET | News

HighRadius Corporation has raised USD 50 million in growth funding from Susquehanna Growth Equity to continue its growth and expand its presence globally.

HighRadius works with hundreds of Global 2000 companies, including adidas, Cargill, Danone, Johnson & Johnson, Procter & Gamble, Starbucks, Sysco, Warner Bros and Zurich. The company is headquartered in Houston, Texas with international offices in Asia and the UK.

HighRadius applies artificial intelligence and machine learning to all aspects of accounts receivable operations, including credit, collections, cash application, deductions and payments. Adoption of Integrated Receivables technology is expected to match that of Accounts Payable automation by 2020. The opportunity is further supported by the size of the B2B payments market, which is five times larger than the B2C market, yet severely under-served today.

Atlas Technology Group acted as a financial advisor to HighRadius in this transaction.


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Keywords: HighRadius, receivables, funding, AI, machine learning, eInvoicing
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: World
This article is part of category

Banking & Fintech