Houston-based financial technology unicorn HighRadius Corp. expanded its European footprint with a new office in Paris.
HighRadius' Paris office will employ local staff for all of the firm's customer-facing operations, including sales, marketing and consulting roles, HighRadius announced Nov. 4. In Europe, the company already has presences in Germany, Amsterdam and the U.K. HighRadius also has a presence in India.
The fintech company's artificial intelligence-driven HighRadius Autonomous Software platform has been used to process financial transactions totaling more than 475 billion euros in the company's European region, HighRadius said. Annually, the company processes over $2.2 trillion across its global footprint.
"The new Paris office is a sign of cementing our growing leadership in Europe and will bring the HighRadius Autonomous Software platform even closer to French companies," said Jon Keating, vice president and general manager of HighRadius' Europe, Middle East and Africa region.
HighRadius is one of the few technology "unicorn" companies — or private companies valued at over $1 billion — headquartered in the Houston metro region. HighRadius, which develops a suite of software products for autonomous receivables, treasury management and accounting, said it had reached a valuation of $3.1 billion when it announced raising a $300 million Series C financing round in April.
HighRadius founder and CEO Sashi Narahari told the Houston Business Journal last year that the company didn't raise investor capital until 2017, when it raised a $50 million Series A round. In early 2020, HighRadius announced raising a $125 million Series B round. HighRadius opened an office in Frankfurt, Germany, last year to house sales, marketing and consulting functions.
HighRadius is headquartered in Westlake Four at 200 Westlake Park Blvd. in the Energy Corridor. In 2018, HighRadius announced subleasing nearly 25,000 square feet from BP in Westlake Four. BP PLC (NYSE: BP) had put the building on the sublease market in 2016.
