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MineralTree

“Can an AP automation platform embed B2B payment infrastructure so deeply into ERPs that switching costs disappear and the platform becomes the financial operating layer for mid-market finance teams?”

Founded2010
HQAtlanta, GA (formerly Cambridge/Boston, MA)
Total raised$72.7M+
Latest roundSeries D, September 2020
IndustryHorizontal SaaS / Accounts Payable Automation
The story

Founded in 2010 as an AP automation platform for mid-market businesses, MineralTree steadily expanded from basic invoice processing to end-to-end payment automation including virtual cards, ACH, and checks. Acquired by Global Payments in 2021, MineralTree became the B2B payments arm of a global payment technology giant, enabling it to deepen ERP integrations and embed payments directly into accounting systems. Its 2025 partnership with Sage to build Vendor Payments natively inside Sage Intacct represents a strategic shift from standalone AP software to fully embedded B2B payment infrastructure within the ERP.

Last 12 months
2025-06
Product timeline
2010
MineralTree founded to automate accounts payable for growing businesses.· pivot
2015
Raised $11.1M Series B led by First Data to expand AP automation and payment automation.· banking
2020
Raised $50M Series D and acquired Inspyrus and Regal Software to expand into enterprise AP automation.· acquisition
2021
Acquired by Global Payments (NYSE: GPN), becoming part of its B2B solutions unit.· acquisition
2022
Launched multi-currency invoice processing and international payments in 130 currencies for Sage Intacct users.· banking
2025
Global Payments and Sage jointly launched Vendor Payments powered by MineralTree, an embedded payments solution built natively inside Sage Intacct.· banking
The stack
5 layers disclosed in MineralTree’s embedded-finance stack
Payments / PSP
Global Payments (self-operated via parent)
Money movement
in the full report
Card issuing
in the full report
Card network
in the full report
Accounting
in the full report
Accounting gap: none
14 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.