Papaya, a mobile bill payment application that simplifies bill payments for consumers, has raised a $50 million Series B funding round. The round was led by Bessemer Venture Partners with participation from Sequoia Capital, Acrew Capital, 01 Advisors, Mucker Capital, Fika Ventures, F-Prime, and Sound Ventures.

Papaya is a mobile application that simplifies bill payments for consumers with its frictionless bill understanding technology. Consumers can pay any bill in seconds simply by taking a photo of it, choosing a payment method, and sending it through the Papaya app.