Sunday, February 23, 2020
Feb. 23, 2020

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Beaverton startup Nvoicepay sells to Fleetcor

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Nvoicepay, a 9-year-old Beaverton, Ore., tech company, sold Tuesday to a Georgia company called Fleetcor. It’s the latest in a string of deals for young Oregon technology businesses.

Privately held Nvoicepay provides automated invoicing services to more than 400 customers. The company has reported $22 million in funding.

The buyer, Fleetcor, is a much larger player in the commercial payments industry. It’s a publicly traded company that reported $2.4 billion in sales last year and profits of $811.5 million.

The companies did not disclose terms of the deal and did not immediately respond to inquiries about the future of Nvoicepay’s Beaverton office.

Although Oregon’s homegrown technology companies are generally small, larger companies in other parts of the country have shown steady interest in the region’s technology. Last year alone, for example, Oregon tech companies including Cozy, Exterro, Mirador Financial, Electro Scientific Industries and Janrain all found buyers.

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