Boost Payment Solutions Secures $22 Million in Series C Round

Boost Payment Solutions (“Boost”), the leader in B2B payments optimization, announced that it has raised $22 million in a Series C funding round to enhance its global growth.

The funding was led by Invictus Growth Partners (“Invictus”). Boost's existing Investors, including Mosaik Partners, INGWE Capital and North Atlantic Capital, also participated in this financing round. In addition, William Nettles, Co-Founder and Managing Partner at Invictus, will join the Boost board of directors.

Boost mentioned that the proceeds will be used to accelerate the company’s global growth across multiple industries including healthcare, telecommunications, manufacturing, freight & logistics and real estate.

Dean M. Leavitt, Founder and CEO at Boost stated, “Boost’s unique positioning in the industry and the vast addressable market in B2B payments has led to tremendous growth that we expect will accelerate over the next several years.

"Invictus is the perfect partner for us, bringing not only capital, but also operational expertise, a broad network, and differentiated machine learning capabilities that will enhance our platforms and business. We are truly excited to have them as a partner", he added.

William Nettles, Co-Founder and Managing Partner at Invictus Growth Partners said, “B2B card payments provide many benefits for enterprises and this is one of the most attractive and fastest growing segments within FinTech. Dean and his leadership team have created a world class global organization that is built to scale and lead the space. We are honored to partner with Boost and look forward to working with them in a collective effort to achieve their mission.”