HighRadius provides AI- and machine-learning-powered SaaS for integrated receivables, including credit, cash application, EIPP, collections, deductions and payments. Its platforms focus on order-to-cash and treasury management, automating routing of receivables and predicting invoice payment dates. The company offers white-labeled software integrated into partners' offerings. HighRadius says its platforms help more than 600 clients today, including over 200 of the Forbes Global 2000; it had more than 400 customers at the start of 2020. In 2020 the company claimed to process more than $1 trillion in transactions per year. It plans to use new capital to fuel product innovation and expand global go-to-market reach. HighRadius offers an integrated receivables and treasury management platform that automates order-to-cash and treasury processes using native AI. Its platform reduces cycle times by automating credit, electronic billing and payment processing, cash application, deductions, and collections. The Rivana AI engine is trained on over $1 trillion in receivables per annum and powers features such as predicted invoice payment dates. The company also offers Autonomous Receivables with a touch and voice interface via the Freeda Digital Assistant to enable real-time human+machine interaction. HighRadius provides AI-powered cash forecasting to help treasurers avoid sub-optimal financing decisions tied to spreadsheet heuristics. It is headquartered in Houston and is trusted by more than 400 clients, including over 200 of the Forbes Global 2000. The new capital will be used to accelerate platform development and expand the company’s geographic reach. HighRadius offers an Integrated Receivables SaaS platform that automates receivables and payments processes across credit, collections, cash application, deductions, electronic billing and payment processing. Its platform is powered by the Rivana artificial intelligence engine and the Freda virtual assistant to enable machine-learning decisioning and automation. The radiusOne B2B payment network lets suppliers digitally connect with buyers to close the loop between receivable and payable processes. HighRadius positions itself around trends such as near-real-time payments, AI, and cloud delivery to dissolve operational silos and automate tasks that previously required experienced human judgment. The company reports an 11-year track record, processes more than $500 billion in receivables annually, and serves more than 25% of the Fortune 1000, including clients like Walmart, Procter & Gamble, and Starbucks. HighRadius says its solutions reduce days sales outstanding and bad debt while improving operational efficiency to deliver ROI within months. HighRadius provides cloud integrated receivables software that applies artificial intelligence and machine learning to credit, collections, cash application, deductions and payments. Its platform is powered by the Rivana™ Artificial Intelligence Engine and includes the RadiusOne™ B2B payment network that allows suppliers to digitally connect with buyers. Led by founder and CEO Sashi Narahari, the company works with hundreds of Global 2000 customers, including adidas, Cargill, Danone, Johnson & Johnson, Procter & Gamble, Starbucks, Sysco, Warner Bros and Zurich. The company is based in Houston and also maintains international offices in Asia and the UK. HighRadius raised $50M in growth funding and intends to use the proceeds to continue its growth and expand its global presence. Susquehanna Growth Equity made the investment.

Total raised

$475M

Funding rounds

4

Latest round

Series C

Latest activity

Mar 2021