Finexio, a financial technology company providing a business-to-business commercial payment network, today announced its integration with EVO Payments, Inc. (NASDAQ: EVOP), a leading global payment technology and service provider, to create a 360-degree B2B payment solution. The solution, which combines EVO’s suite of payment processing and merchant services with Finexio’s innovative electronic payment network, will offer B2B customers nine ways to pay their suppliers, adding value in the form of back-office efficiencies and revenue generation.
“We are excited to leverage EVO’s best-in-class payment acceptance platform with Finexio’s services that drive electronic payments adoption within accounts payable to close the loop on the B2B payments process for mid-market and enterprise level corporates,” said Ernest Rolfson, Finexio’s founder and CEO. “EVO’s scale in processing over 2 billion global transactions annually will allow us to amplify our offerings and services to our customers going forward. This collaboration will enable both parties’ customers and partners to cultivate more business opportunities for a healthier bottom line.”
Tim Atkinson, EVO’s Senior Director, B2B sales, added, “CFOs nationwide are looking for payment partners that can address the whole of their inbound and outbound payment streams. This integrated partnership with Finexio brings the full range of complex B2B payment processing to our customers that seek cost savings, process efficiencies, and new revenue streams and expands our B2B business unit within our tech-enabled division.”
Finexio’s next-generation payments technology fills a critical need in the B2B payments space for middle market companies in the United States. Its “network of networks” recognizes which suppliers can be paid electronically, then routes those payments without requiring bank account information. Finexio identifies, delivers, and supports 9 forms of payment, generating revenue and cost savings for AP departments while offering complete visibility and control of the payment process. To learn more, visit their website at https://finexio.com.
About EVO Payments, Inc.
EVO Payments, Inc. (NASDAQ: EVOP) is a leading payment technology and services provider. EVO offers an array of innovative, reliable, and secure payment solutions to merchants ranging from small and mid-size enterprises to multinational companies and organizations across North America and Europe. As a fully integrated merchant acquirer and payment processor in over 50 markets and 150 currencies worldwide, EVO provides competitive solutions that promote business growth, increase customer loyalty, and enhance data security in the markets it serves.