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Citi and PNC invest in B2B payments outfit HighRadius

February 15, 2018

Via: Finextra

Citi Ventures and PNC have made strategic investments in business-to-business payments and receivables software provider HighRadius.

Terms were not disclosed. HighRadius operates in an area where banks and enterprises recognise that receivables management has to address the 50% of B2B payments that are still handled through paper cheques.

The firm claims that its receivables platform optimises cash flow through automation of receivables and payments processes across credit, collections, cash application, deductions, electronic billing and payment processing.

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