Enterpay, a Helsinki-based fintech, said it raised $1.1 million (one million euros) to expand is automated invoicing technology internationally, and entered an agreement with German bank Volksbanken Raiffeisenbanken. 

Enterpay said the agreement specifically involves automating invoices for the B2B ecommerce market with Volksbanken unit VR Payment, a specialist in cashless payments for the German market. 

"Enterpay is at the core of the exponentially growing B2B segment, and the partnership solidifies our potential," Jarkko Anttiroiko, CEO at Enterpay, said in a company release. "We are excited to bring our solution to the German merchants and make life easier for every stakeholder in the value chain."

Enterpay already has been working with Collector Bank and Arvato in Finland. The company did not disclose the names of the specific funders, but said the investment came from national as well as Nordic investors. 

Cover image: Enterpay