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February 16, 2018

B2B payments provider HighRadius receives investment from Citi, PNC

HighRadius, a business-to-business (B2B) payments and receivables software outfit, has secured investment from Citi Ventures and PNC.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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Terms of the investment were not revealed by the companies.

HighRadius’ Integrated Receivables platform automates receivables and payments processes across credit, collections, cash application, deductions, electronic billing and payment processing, utilising artificial intelligence (AI). Its radiusOne B2B payment network enables suppliers to digitally connect with buyers.

HighRadius said that more than 25% of the Fortune 1000 companies leverage its technology.

HighRadius founder and CEO Sashi Narahari said: “With more than $500bn in receivables processed annually, our platform improves the efficiency of existing staff using intelligent bots while fully automating labor-intensive tasks such as cash application.”

Citi Ventures managing director of venture investing Luis Valdich said: “The digitisation, fragmentation, and atomisation of payments are growing rapidly and increasing in complexity. HighRadius’ platform is purpose-built to modernise the accounts receivable function for the enterprise.

“We look forward to collaborating with HighRadius to revamp receivables with AI and automation technologies.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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