Bill Payment App 'Papaya' Raises $50 Million Series B

Mobile bill payment application Papaya recently raised $50 million in a series B round led by Bessemer Venture Partners. Papaya lets users take a photo of any bill, and the app's AI-powered 'bill understanding technology' pays the bill in seconds. The company says its goal is to help people spend more time on things that matter, by making bill-paying as painless and quick as possible. Papaya CEO and co-founder Patrick Kann joined Cheddar News' Closing Bell to discuss.
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