Nvoicepay grabs $10m to automate enterprise payments

Enterprise payments provider Nvoicepay has landed $10m in a growth equity funding round.

The investment comes from Napier Park Financial Partners, the private equity arm of Napier Park Global Capital.

The Series F round takes Nvoicepay’s total disclosed funding to more than $20m.

The Portland, Oregon-based company’s software is designed to automate enterprise payments to suppliers with the aim of reducing the costs associated with mailing and paper checks as well as increasing efficiency.

Nvoicepay claims to serve thousands of corporate clients with its software integrating into accounting systems and banking partners.

It says the capital will be used to expand its operations and driving innovation.

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