To add on, it claimed to process more than $1tn in transactions annually.Ĭommenting on the funding round, HighRadius founder and CEO Sashi Narahari said, “We are excited to have D1 Capital Partners and Tiger Global join our existing investors, Susquehanna Growth Equity and ICONIQ Growth. Currently, HighRadius’ platform is being used by over 600 clients. Its clients are in sectors such as technology, insurance and manufacturing and include Uber Technologies Inc., Johnson & Johnson and Unilever Plc.Īt the beginning of 2020, HighRadius had more than 400 customers, including over 200 of the Forbes Global 2000 in the likes of Walmart, Nike and Procter & Gamble. Its AI-powered treasury solution offers functions such as predicting invoice payment dates. HighRadius said it will use the new capital to fuel product innovation and expand global go-to-market reach.įounded in 2006, its HighRadius Integrated Receivables platform optimises cash flow through automation of receivables and payments processes across credit, collections, cash application, deductions, electronic billing and payment processing. The chief executives of Snowflake Inc., Procore Technologies Inc. The investment was co-led by Tiger Global Management and D1 Capital, with participation from ICONIQ Growth and Susquehanna Growth Equity. With this latest financing, HighRadius’ total funds raised comes to $475m. The round tripled the Houston-based firm’s valuation of more than $1bn, which it had achieved after its $125m Series B in January of 2020. Treasury management business HighRadius raised $300m in a Series C funding round, valuing it at $3.1bn.
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