PandaDoc buys Denario for consolidated document and payment workflow offering
San Francisco-based PandaDoc has acquired the fintech start-up Denario in a bid to expand its abilities as a documents and payments workflow platform.
PandaDoc acquires fintech start-up Denario
Since 2011, PandaDoc has offered an all-in-one document automation software as a means to improve document workflows, insights and speeds.
While PandaDoc’s solutions currently affords its customers the ability to collect payments through the use of contracts, its latest purchase, the price of which has not been disclosed, is poised to enhance this capability with a new level of cash flow management insights.
Its acquisition of Denario is set to integrate the Berlin-based fintech’s automated bill payments, payouts and invoicing platform with its existing capabilities, which according to the company’s statement on LinkedIn, will enable its customers to “manage, collect and report on invoices alongside their contracts, all in one location”.
The company cites a “clear understanding of small businesses’ needs for a simplified workflow from ‘proposal to cash’ while also providing opportunities for software consolidation” as the main catalyst behind its latest purchase.
Mikita Mikado, CEO of PandaDoc, describes Denario’s “domain expertise, product vision and relevant tech stack” as “the ideal fit to accelerate our offerings”.
“We are committed now more than ever to empower PandaDoc users to run their businesses more efficiently from quote to signing, to payment collection and beyond, and adding Denario’s embedded payments technology to our product suite will greatly advance this mission.”
