The First Data-backed payment automation software developer has notched up $50m in a Great Hill Partners-led round, boosting its overall funding to near $70m.
MineralTree, a US-based business payment software provider that counts financial services firm First Data as an investor, has completed a $50m funding round led by private equity firm Great Hill Partners.
Eight Roads Ventures, a subsidiary of financial services and investment group Fidelity, also participated in the round, as did venture capital firm .406 Ventures. The company has now raised approximately $69m in funding altogether.
Founded in 2010, MineralTree produces software that automates payment processes such as accounts payable, invoice…
