Nvoicepay and Napier Park Financial Partners Close Growth Equity Investment

  • October 19, 2016

October 19, 2016 — Beaverton, Ore. and San Francisco — Nvoicepay, the leader in payment automation software for the enterprise, and Napier Park Financial Partners, Napier Park Global Capital's private equity group, jointly announced a $10 million growth equity investment in Nvoicepay.

"Nvoicepay's solution enables every supplier regardless of size, geographic location or technology to be securely paid electronically," said Karla Friede, CEO and Co-Founder of Nvoicepay. "Using Nvoicepay, all suppliers can be paid through the same automated process, dramatically reducing costs and increasing efficiency. Napier Park Financial Partners and its Principals have backed numerous companies at the intersection of finance and technology and we believe this growth financing further validates our success to date and positions us well to continue driving innovation in accounts payable automation."

The company also announced that Steve Piaker, Managing Director and Co-Head of Napier Park Financial Partners, will be joining the Nvoicepay's board of directors. "We seek opportunities to partner with management teams and provide the resources and deep financial services expertise to enable innovative growth companies to reach their full potential," said Piaker. "Nvoicepay's rapid growth across multiple industry verticals underscores the strength of its platform and we are thrilled to partner with Karla and the entire team to support Nvoicepay's next phase of growth."

Nvoicepay's payment automation solution transforms the massive and expensive effort that goes into paying suppliers into a simple automated process. While most enterprises pay some of their invoices electronically, the most common payment method is still the paper check. By leveraging Nvoicepay's intuitive cloud-based software, enterprises are recapturing resources, driving down costs, and benefiting the bottom line with minimal effort. Nvoicepay offers a simple and secure cloud-based workflow that works with every accounting system and all banking partners, as well as best-in-class supplier services, to guarantee success.

Founded in 2009, Nvoicepay serves thousands of corporate customers paying hundreds of thousands of suppliers with the company's payment solution each day.

 

About Nvoicepay

Nvoicepay transforms the massive and expensive effort that goes into paying suppliers into a simple automated solution. Nvoicepay optimizes payments for enterprises with intuitive cloud-based software, comprehensive supplier services and the strongest security in the industry. Enterprises which use Nvoicepay automate all payments, unlock resources and immediately reduce their accounts payable costs by 75%. Learn more at www.nvoicepay.com and follow us on Twitter at @Nvoicepay.

 

About Napier Park Financial Partners

Napier Park Financial Partners ("Financial Partners"), the private equity group of Napier Park Global Capital, seeks opportunities to partner with management and select co-investors to build high-performing businesses in the financial services industry. Financial Partners focuses on investing in innovative, high growth companies at the intersection of financial services and technology-enabled products and services. Financial Partners targets investments of $5 million to $30 million and works in partnership with its portfolio company management teams and co-investors to build value. Current and prior Financial Partners' portfolio companies span the following industry subsectors - Payments Technology and Services, Banking & Lending Technology and Services, Insurance Technology and Services, Banking and Specialty Finance, Asset and Wealth Management, and Business Services and Outsourcing. For more information, visit http://www.napierparkglobal.com/private-equity.

 

About Napier Park Global Capital

Napier Park Global Capital is an independent alternative asset management firm that manages approximately USD$6.8 billion as of June 1, 2016. The firm offers a diversified product mix including credit funds, bespoke client solutions, private investments, CLOs, and structured credit to large, sophisticated institutional investors. Napier Park Global Capital has offices in New York, London and Switzerland. For more information, visit: www.napierparkglobal.com.

 

Read the original press release on Marketwired.

  • Previous Article
    Nvoicepay's CEO and Co-Founder to Speak at Money20/20
    Nvoicepay's CEO and Co-Founder to Speak at Money20/20
  • Next Article
    Coupa's Platform Manages Billions in Corporate Spend
    Coupa's Platform Manages Billions in Corporate Spend

Most Recent Articles

Medius Pay Transforms the Payments Process

Medius Pay transforms the payment process – and helps deliver efficiency, significant cost savings, and reduced risk exposure.

Nvoicepay Retains Leader Status in G2's Spring 2021 Quarterly Reports

Nvoicepay was again named a Leader and Momentum Leader in Enterprise Payment Software and AP Automation.

Virtual NADA Show 2021

Join the Nvoicepay automotive team virtually at the National Automobile Dealers Association's annual show from February 9-11.

Nvoicepay Ranks #9 in G2's Top 50 Finance Products for 2021

Nvoicepay ranks #9 in G2's 2021 list of Top 50 Products for Finance.

CFOs Navigate Season of B2B Payments Change

PYMTS.com spoke with Nvoicepay president, Josh Cyphers, regarding the recent shifts in the B2B payment automation sphere.

Work from Home Digital Payment Systems, Processes and Solutions

Josh Cyphers, CEO of Nvoicepay, a FLEETCOR company, spoke with Adam and Naresh of the Work From Home Show. Among other things, they discussed digital payments processing in a work-from-home environment.

G2's Winter 2021 Badges Highlight Nvoicepay's Industry Leadership

In G2's Winter 2021 awards, Nvoicepay retained many of its past award titles.

Computer Guidance Corporation and Nvoicepay Execute Partnership Agreement Delivering Integrated Payment Automation Solutions for Commercial Contractors

Nvoicepay™ and Computer Guidance Corporation announce their partnership.

The Future of Payments

Nvoicepay CEO Josh Cyphers spoke with Future of Sourcing Digital regarding the process upgrades implemented by accounts payable teams across the world, both from a general payment evolution perspective and as the result of COVID-19 restrictions.

2020 IOFM AP Automation Summit

We are excited to announce our participation in the IOFM AP Automation Summit! Join us December 1-4 for a virtual event to learn more about AP automation solutions and reconnect with industry peers.

Disrupting the Payments Industry

SCORE's CEO, Rieva Lesonsky, sat down with Nvoicepay president, Josh Cyphers, to discuss the trends and innovations that are changing the B2B payment landscape in the wake of COVID-19.