San Francisco-based PandaDoc acquires fintech start-up Denario to enhance its documents and payments workflow platform.
Facts
- PandaDoc has been providing document automation software since 2011, aiming to improve document workflows, insights, and speed.
- While PandaDoc currently allows customers to collect payments through contracts, the acquisition of Denario will enhance cash flow management insights.
- The acquisition will integrate Denario’s automated bill payments, payouts, and invoicing platform with PandaDoc’s existing capabilities, enabling customers to manage invoices and contracts in one place.
- PandaDoc’s motivation for the acquisition is to simplify small businesses’ workflow from “proposal to cash” and offer software consolidation opportunities.
- Mikita Mikado, CEO of PandaDoc, sees Denario’s expertise and technology as a perfect fit to advance their mission of empowering businesses to operate more efficiently.
