MIAMI--(BUSINESS WIRE)--DadeSystems, a leading Fintech provider of integrated receivables solutions, today announced that it has raised a $9 million Series D growth funding led by Napier Park Financial Partners, with participation from returning investors Fifth Third Capital Holdings and Ocean Azul Partners. The proceeds will support the growth of DadeSystems’ suite of solutions—collectively referred to as DadePay—to help medium-to-large corporations and financial institutions aggregate, analyze and reconcile remittances for any payment type, from any payment channel.
“DadeSystems has built an award-winning SaaS solution that streamlines accounts receivable processes, helping our customers increase efficiency, lower processing costs and shorten their invoice-to-cash cycles,” said Bill Zayas, President and CEO of DadeSystems. “We’re thrilled to announce this growth funding and are excited to continue to invest in our products and grow our team, all while helping more customers achieve market-leading invoice matching and straight-through-processing rates.”
DadeSystems has significantly expanded its reach through successful partnerships with market leaders such as Fiserv, Deluxe, Fifth Third Bank and Transactis, all of which partnered with DadeSystems to deliver a best-in-class integrated receivables solution to their customers.