Wells Fargo Makes Strategic Investment in DadeSystems

Wells Fargo Makes Strategic Investment in DadeSystems
28.02.2020 05:46 am

Wells Fargo Makes Strategic Investment in DadeSystems

Investment

DadeSystems, a leading Fintech provider of integrated receivables solutions, announced today additional funding provided by Wells Fargo Strategic Capital as part of a Series D financing round.

This new investment will support the growth of DadeSystems’ suite of technology solutions, collectively referred to as DadePay, which enable businesses to more efficiently accept and reconcile payments and remittances. DadePay is an Integrated Receivables solution utilized by businesses, including the banks and partners who serve them.

“DadeSystems has developed a uniquely simplified process for managing account receivables by leveraging advanced data management and machine learning technologies,” said Tom Richardson, Managing Director for Wells Fargo Strategic Capital. “We are pleased to provide them with this investment and support during an important stage of their lifecycle.”

“Wells Fargo Strategic Capital is one of the leaders in providing capital to growing fintech companies,” said Bill Zayas, president and CEO of DadeSystems. “This investment will support the ongoing growth of the company, expand DadeSystems’ suite of technology solutions, and allow us to continue to invest in our technology and improve efficiencies for businesses.”

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