Cevinio completed a €4.5 million round of investment from Endeit Capital and CNBB Venture Partners.

Cevinio, a Rotterdam, The Netherlands-based financial srvices software developer, announced that it raised a €4.5 million ($5.1M) investment round.

The money was provided by Endeit Capital and CNBB Venture Partners and will be used to fuel the company's expansion ambitions.

Cevinio, founded as InvoiceBlox in 2013 and led by CEO Jeroen Volk, aim to help big corporates with a product they call Invoice-to-Pay software. The product is offered as a SAAS via a smart invoice management platform that provides automates credit invoicing and eliminates redundant, manual steps. It links incoming invoices to purchase orders, runs invoice compliance checks, and logs invoices in business accounts.

The company handles invoices in over 90 countries.