HighRadius, a business-to-business (B2B) payments and receivables software outfit, has secured investment from Citi Ventures and PNC.

Terms of the investment were not revealed by the companies.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

HighRadius’ Integrated Receivables platform automates receivables and payments processes across credit, collections, cash application, deductions, electronic billing and payment processing, utilising artificial intelligence (AI). Its radiusOne B2B payment network enables suppliers to digitally connect with buyers.

HighRadius said that more than 25% of the Fortune 1000 companies leverage its technology.

HighRadius founder and CEO Sashi Narahari said: “With more than $500bn in receivables processed annually, our platform improves the efficiency of existing staff using intelligent bots while fully automating labor-intensive tasks such as cash application.”

Citi Ventures managing director of venture investing Luis Valdich said: “The digitisation, fragmentation, and atomisation of payments are growing rapidly and increasing in complexity. HighRadius’ platform is purpose-built to modernise the accounts receivable function for the enterprise.

“We look forward to collaborating with HighRadius to revamp receivables with AI and automation technologies.”