Fintech startup HighRadius today said it has secured USD 50 million (Rs 321.51 crore) in funding from Susquehanna Growth Equity.
The Hyderabad-based firm will use the proceeds of the funding to continue its aggressive growth and expand its presence globally, HighRadius said in a statement.
"We have more than 350 clients on our Integrated Receivables platform powered by our Rivana Artificial Intelligence engine... This funding will help us accelerate our platform to thousands of companies globally," HighRadius Founder and CEO Sashi Narahari said.
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HighRadius' clients include companies like Adidas, Starbucks, Procter & Gamble, Reckitt Benckiser, Johnson & Johnson, Warner Bros, Danone, Sysco and Zurich. It employs over 500 people across the US, India and Europe.
HighRadius solutions help optimise cash flow, reduce days sales outstanding (DSO) and bad debt, and increase operational efficiency.
Atlas Technology Group acted as a financial advisor to HighRadius in this transaction.
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