Enterprise IT Startup HighRadius Secures $50 Million

HighRadius announced it has secured $50 million in financing from Susquehanna Growth Equity.

HighRadius is a fintech enterprise software-as-a-service company. The HighRadius integrated receivables platform optimizes cash flow through automation of receivables and payments across credit, collections, cash application, deductions, electronic billing and payment processing. Powered by the company’s Rivana artificial intelligence engine and Freda virtual assistant for credit-to-cash, the HighRadius system enables teams to leverage machine learning for accurate decision making and future outcomes planning. The RadiusOne B2B payment network allows suppliers digitally to connect with buyers, closing the loop from supplier receivable processes to buyer payable processes.

The company revealed that the new funding will help HighRadius accelerate its platform growth to thousands of companies globally.