HighRadius, a Houston-based fintech, specializing in order-to-cash and treasury management software, said it has achieved Unicorn status after raising $125 million in Series B funding led by Iconiq Capital. 

The funding, which was backed by existing investors Susquehanna Growth Equity and Citi Ventures, will be used to accelerate the growth of its software platform and expand into new geographic markets. 

"Today marks an important milestone for HighRadius and we’re thrilled to have Iconiq join us in our vision to modernize the order-to-cash space," Sashi Narahari, founder and CEO of the company said in a company release. "Iconiq combines patient capital with a long-term vision of investing in category defining businesses, and the firm has worked with some of the world’s most successful tech entrepreneurs."

The firm specializes in using artificial intelligence to automate treasury management and order to cash processes. Treasury management it the process used by companies to manage liquidity, including payables and receivables. Order to cash refers to the process companies use to manage the period between a customer order and fulfilling that order. 

The company just announced the opening of its Amsterdam office in November, part of a wider expansion in the EMEA region, while earlier this year the firm teamed with PPRO to give overseas merchant clients more options for receiving payments.