11 December 2016
Visit aciworldwide.com

PaySimple closes $16 million funding round

29 September 2011  |  2869 views  |  0 Source: PaySimple

PaySimple, the leading provider of accounts receivable automation solutions for small businesses, today announced that it has closed a $16M financing led by Susquehanna Growth Equity, LLC (SGE).

PaySimple is an established leader in providing both direct and custom-branded cloud-based receivables solutions to small businesses. The PaySimple solution is unique in that it enables businesses to accept payments, automate their billing and manage their customers all with one integrated solution. Results have shown that by using PaySimple, small businesses are able to save time on billing, receive payments faster and grow customer revenues.

As part of the investment, Amir Goldman of SGE will be joining the Company's board of directors.

Eric Remer, Chief Executive Officer of PaySimple, stated: "We are delighted to announce this investment by SGE to accelerate and enhance our abilities to both deliver and support solutions that meet the evolving needs of our customers and partners. I am particularly excited that SGE shares our vision for solutions built around the convergence of the cloud, payments and CRM for small-to-mid sized businesses. With SGE as our new strategic investor, we are well positioned to leverage the investment and our established position to capture new opportunities that lie ahead in a fast moving market."

"PaySimple represents a tremendous opportunity for us to invest in a business that is already a market leader with an outstanding customer and partner base, and help support its next stage of growth," commented Mr. Goldman. "The payments and receivable management marketplace is continuing to develop at a fast rate but also offers significant opportunities for innovation, particularly with the introduction of new mobile based solutions. Our investment of growth capital will also support PaySimple in its mission to deliver outstanding service levels to its customers while meeting the unprecedented demand from large enterprises to provide custom-branded solutions to their small business customers."

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Find out moreVisit aciworldwide.comVisit VocaLink.com

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
9008 views comments | 39 tweets | 32 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
8451 views comments | 38 tweets | 48 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
8110 views 12 comments | 15 tweets | 27 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
7418 views comments | 24 tweets | 13 linkedin
N26 opens up to 17 European countriesN26 opens up to 17 European countries
6983 views comments | 16 tweets | 22 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job