Citi Ventures, PNC invest $6 million in HighRadius


The fresh funding would be used for technology development, according to senior executives from Highradius on the condition of anonymity. The United States-based company had earlier secured a $50 million funding from Susquehanna Growth Equity in September last year to expand its cloud-based integrated receivables solutions globally. According to the company, nearly 50% of B2B payments that are still handled through paper checks in banks and enterprises.

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