Beanworks nabs $10.1 mln in FINTOP, BDC-led Series B round
Beanworks, a Vancouver-based accounts payable automation company, has secured $10.1 million in a Series B financing. The round was led by U.S. venture capital firm FINTOP Capital alongside BDC Capital’s Women in Technology Venture Fund. They were joined by new and existing investors. As a result, BDC Capital's Michelle Scarborough and FINTOP's Joe Maxwell joined the board. Founded in 2012, Beanworks' cloud-based solution helps businesses streamline invoice-to-payment strategies by eliminating paperwork and reducing processing costs. Led by CEO Catherine Dahl, Beanworks will use the funds raised to enhance its platform, release an expense module, and expand into new markets.
20 September 2018•3 mins read
