Led · Series B · Oct 2022

Finexio provides an Accounts Payable Payments-as-a-Service platform embedded within Procure-to-Pay suites that automates and digitizes payments and supplier management. Its AI-driven platform optimizes payment timing and cash flow, enables payment monetization, and offers fraud prevention, analytics, and reporting. The infrastructure supports payment methods including ACH, virtual credit cards, and checks and is presented as a fully managed solution for AP. Finexio positions AP as a strategic revenue generator rather than a cost center. The company is backed by investors including JP Morgan and Mendon Venture Partners. It plans to use financing to support growth and working capital needs. Finexio provides end-to-end AP payment capabilities embedded within Accounts Payable and Procure-to-Pay (AP2P) software platforms. The company is led by Founder and CEO Ernest Rolfson. Finexio raised $35M in a Series B at a $100M pre-money valuation. The financing was intended to fund expansion of operations and broaden the company’s business reach. The company operates from Orlando, Florida and focuses on enabling AP payments-as-a-service for software platforms. Finexio is an Orlando, Fla.-based Accounts Payable (AP) Payments-as-a-Service infrastructure company powering many of the world’s largest accounts payable and procurement software platforms. The company provides white-label payment solutions and is deploying at scale across leading global procurement and AP platforms in sectors including hospitality, healthcare, higher education, manufacturing, and construction. Finexio reports a user base of 150,000 customers, $200 billion in annual B2B AP spend, and over 3 million suppliers. Its founder and CEO is Ernest Rolfson. In May 2022 Finexio closed a $10M funding round backed by Patriot Financial Partners and new investor Mendon Venture Partners. Banc of California invested in August to deepen its portfolio of product offerings, and the two companies intend to roll out an AP B2B payments and working capital offering by the second quarter of 2022. Finexio offers AP payments as a service, integrating end-to-end AP payment capabilities within AP and procurement software platforms. Led by CEO Ernest Rolfson and based in Orlando, Fla., the company focuses on enabling electronic payments and improving accounts payable workflows. It serves a customer base of 400 customers representing $4 billion in annual AP spend, and its integrated AP and procurement installed base spans over 150,000 bank accounts generating over $25 billion in accounts payable spend, much of which is still processed via paper check. Finexio plans to use new funding to expand development efforts and product capabilities. In partnership with Medalist, the company is launching an integrated Supply Chain Finance (SCF) solution designed to meet the needs of middle-market companies and improve cash flow for SMBs. Finexio provides an API used by accounts payable platforms, ERP systems, and corporations to identify suppliers that can be paid electronically and route payments without requiring bank account information. Its patent-pending technology enables customers to pay suppliers securely and quickly, eliminating paper-based checks. The company was launched in early 2017 by CEO Ernest Rolfson and is based in Orlando, Fla. Finexio completed a $4M Series A financing, bringing total funding since launch to $5M. The company will use the funds to continue to expand its sales and marketing efforts. In conjunction with the financing, payments executive Henry Dreifus will join Finexio’s Board of Directors and Steve MacDonald will join as an observer.

Led · Equity · Jul 2020

Founded in 2014, Nest Wealth is a Toronto-based digital wealth management platform whose core product, Nest Wealth Pro, supplies traditional advisors and their firms with robo-advisor technology. The platform enables digital onboarding, collects know-your-client and risk-profile information, and automates portfolio creation and monitoring. Last year the company acquired Razor Logic Systems, maker of Canadian financial planning software RazorPlan. Nest Wealth says it remains majority controlled by employees and management and will continue operating as an independent FinTech. The company has an existing commercial relationship with National Bank and plans to deepen that partnership to accelerate digital initiatives for portfolio managers and retail banking clients. The recent capital injection supports those plans and the company’s continued product development and commercial expansion. Nest Wealth Asset Management Inc. is a Toronto, Canada-based online automated financial advisor. Led by founder and CEO Randy Cass, the company leverages technology to create customized portfolios based on clients' financial situations, goals and risk tolerance. Clients’ funds are invested in low-cost exchange-traded funds (ETFs), and Nest Wealth monitors and rebalances individual portfolios back to the original asset allocation as markets fluctuate. The advisor charges a flat monthly fee for its services. The company raised $1.5M in funding and intends to use the proceeds to bring its solution to more Canadians.

Participated · Debt Financing · Jul 2020

Flinks launched in April 2017 to help fintechs and financial institutions connect customer bank accounts, verify balances, and access transaction histories, later expanding to derive insights from that data. The company serves clients in lending, investment, and banking, working primarily with smaller financial institutions while maintaining relationships with some of Canada’s Big Five banks. Flinks has tracked higher volumes of loan requests and account openings during the COVID-19 pandemic. It is developing a wealth-management aggregation product that is currently in beta and plans to expand into new verticals including wealth management, insurance, government data, and potentially telecom data. The startup currently has small-scale U.S. operations and two Canadian locations (Montréal and Toronto); it intends to properly launch and scale in the U.S., targeting a San Francisco or New York office. Flinks plans to use the new funding to grow its U.S. presence and double its current ~65-person team. Flinks is a Montreal-based fintech that provides an API to validate account ownership, verify balances, and access transaction histories for fintechs and financial institutions. The company works with clients including TransferWise, ATB Financial and Merchant Advance Capital. Flinks is expanding beyond API services and is developing Flinks Score, a risk-scoring product that predicts consumer default and ties loan payments to cash-flow to assess creditworthiness for lenders from retail to mortgage. The firm says the score accesses consumer financial data not captured in traditional credit scores to improve prediction accuracy. Flinks plans to use funding to hire talent and scale its platform into new markets such as Australia and Europe, citing regulatory changes in the EU that will open bank data to third parties. Financially, Flinks recently raised a $1.75M seed and previously raised a $500K pre-seed in July 2017. Flinks provides an API that lets FinTech companies validate account ownership, verify balances, and access transaction histories for Canadian bank accounts. Launched in April 2017, the company is focused on serving Canadian FinTechs that cannot rely on U.S. data providers. It currently has an eight-person team and counts customers including Acceo and Dwello. Flinks processes roughly 1,000 validations per day and has set a goal of reaching one million end users by the end of the year. The company plans to expand its API with more data-driven capabilities such as fraud-risk assessment and credit-scoring signals to improve financial inclusion for millennials. Recent funding will be used to grow the team and focus on sales in the Canadian market.

Participated · Series A · Feb 2018

Dialogue is a Montréal-based telehealth company offering a virtual care platform that enables employers to give employees access to front-line healthcare providers via virtual visits. Founded in 2016 and incubated in Diagram Ventures, Dialogue targets employer-sponsored health services. The company plans to use the new funding to pursue acquisitions in the technology and healthcare-provider sectors and to expand clinical offerings into chronic disease management and women’s health. Dialogue’s platform is already positioned to power insurer offerings—Sun Life launched Lumino Health Virtual Care and said the solution would be powered by Dialogue. Financially, Dialogue raised C$43 million in the latest financing following a C$40 million Series B in June 2019. Sun Life’s investment includes a C$32.7 million equity injection and gives Sun Life a minority stake with rights to acquire additional equity (amount undisclosed). Dialogue is a Montreal-based virtual healthcare platform that provides employers and hospitals with integrated health-care services accessible via a mobile application or the internet. Founded in 2016 by Cherif Habib (CEO), the company offers employers access to front-line health-care professionals and licenses its AI-enabled triage platform to hospitals. Dialogue now has over 400 clients of all sizes, including National Bank, Lightspeed, Industrial Alliance, Air Canada Vacations, Stingray, Cirque du Soleil, Hopper and WSP. A pilot with the Centre hospitalier de l’Université de Montréal (CHUM) is underway and the triage technology is set to be deployed at Hospital Berlin-Buch to support emergency-room triage. The company will use the proceeds to maintain its position in Canada and continue expansion into the European market. Dialogue provides employers with a virtual platform offering integrated health care services that connect employees with nurses, physicians and allied health practitioners via mobile phone or computer. Led by co-founder and CEO Cherif Habib, the company targets employer-sponsored care and work-life balance optimization. Dialogue serves close to 150 employers across industries, including Cossette, Industrial Alliance, Osler, Ubisoft and Wealthsimple. It has secured distribution agreements with insurance partners such as Great-West Lifeco and SSQ Insurance. The company is based in Montreal, Canada. Dialogue intends to use newly raised funds to continue expansion and to launch new services. Dialogue operates a bilingual virtual platform for employers offering integrated healthcare services, including on-demand primary care, mental health therapy, and professional coaching. The company has recruited a group of generalist and specialist physicians to address a wide range of medical issues such as travel medicine, paediatrics, mental health, nutrition, and preventative care. Dialogue serves clients in Quebec and Ontario and counts McKinsey & Company, BCG, Power Corporation of Canada, and law firm BCF among its customers. The platform is fully bilingual and the company plans a pan-Canadian expansion. Led by co-founder and CEO Cherif Habib, Dialogue intends to use recent funding to accelerate its expansion into Ontario following its launch in Quebec. Financially, the company raised a $4M seed round to support growth.