Finexio
“Can a fully-managed, embedded AP payments layer—handling supplier enablement, virtual cards, ACH, and checks—become the de facto payments infrastructure for mid-market ERP and procurement platforms?”
Finexio was founded as a B2B payments infrastructure company specializing in accounts payable (AP) automation for mid-market and enterprise buyers. The company evolved from a standalone AP payments tool to an embedded 'AP Payments as a Service' offering targeted at ERP, procurement, and AP software platforms seeking to white-label payment capabilities. Its embedded partner model—where software vendors like Unimarket resell Finexio-powered payments—mirrors the embedded fintech playbook: the platform captures revenue share from virtual card interchange and ACH while Finexio handles supplier enablement, compliance, and operations. JP Morgan's participation in the Series B and the Pathward banking relationship underscore the company's positioning as infrastructure, not a SaaS tool.