The funding round, which was originally announced by TechCrunch, consists of a $150 million credit facility from Encina Private Credit (EPC) and $50 million in Series B equity from New York's PeakSpan Capital.

Prior to its closure in March 2022, PeakSpan spearheaded the fintech's Series A investment round, which raised $11 million in stock and a $85 million credit facility.

More recently, in February of last year, the growth equity company and Active Capital helped Finally secure an additional $10 million in funding.

Since its founding in 2018, the fintech has raised $305 million, consisting of $74 million in equity and $235 million in credit facilities.

Finally, which was founded by Edwin Mejia, Felix, and Glennys Rodriguez, offers a range of financial management solutions that are specifically designed to meet the requirements of small and medium-sized enterprises (SMBs).

These include of corporate card offerings, payroll and bill-paying services, tax automation, spending control, and AI-powered business bookkeeping systems.

The fintech company has said that it would use the most recent round of funding to "invest in growing headcount" at its Miami headquarters and to "continue the research and development of its product stack, and expand its go-to-market initiatives."

F Rodriguez says, "What we're building at Finally addresses finance, bookkeeping, and HR problems at their core." "But more importantly, it gives business owners more time to concentrate on high-value and revenue-generating tasks."