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US accounts payable and payment automation technology provider MineralTree has raised $50 million in a funding round led by Great Hill Partners and joined by existing investors .406 Ventures and Eight Roads Ventures.

MineralTree, a market-leading Accounts Payable and Payment Automation solution provider, today announced it closed a $50 million growth equity investment led by Great Hill Partners, a leading Boston-based private equity firm, with participation from existing investors .406 Ventures and Eight Roads Ventures.

MineralTree, a 9-year-old fintech company that employs 80 people in Cambridge, has closed on a $50 million investment led by first-time investor Great Hill Partners, a Boston-based private equity firm.

MineralTree, an accounts payable and payment automation company, announced Wednesday (March 27) it closed a $50 million growth equity investment fundraising round.

Cambridge-based MineralTree, the fintech startup that automates accounts payable and payments for mid-market companies, raised $50 million in a Series C round led by Great Hill Partners.

MineralTree, the accounts payable and payment automation solution provider, announced impressive growth of key success metrics—including revenue growth and payment volume.